Brief: E-Kong Group agreed to acquire about 17.70% of entire issued share capital of Flash Hope Holdings

Great Wall Terroir Holdings

20/11/2016 22:04

Nov 21 (Reuters) - E-kong Group  0524.HK : 
    * Company entered into agreement with vendor and principal 
    * Company conditionally agreed to acquire approximately 
17.70% of entire issued share capital of target company 
    * Company will settle consideration for sale shares using 
proceeds of fund raising 
    * Deal for consideration of $42 mln 
    * Target company is  flash hope holdings limited 
 
Source text for Eikon:  ID:nHKSH24Kd  
Further company coverage:  0524.HK  
 
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