Brief: Ernest Borel Holdings entered into non-legally binding MOU

Ernest Borel Holdings

11/05/2017 14:33

May 11 (Reuters) - Ernest Borel Holdings Ltd  1856.HK : 
    * Entered into non-legally binding mou with vendor 
    * Mou in relation to its proposed acquisition of entire 
issued share capital of target company 
    * Proposed consideration for proposed acquisition is 
expected to be about HK$50 million 
    * Target company is Top Win International Trading Limited 
    * Co shall pay a refundable initial deposit in amount of 
HK$25 million to vendor within 5 business days from date of MOU 
 
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Further company coverage:  1856.HK  
 
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