Brief: E-Kong says entered term sheet in relation to proposed investment
15/02/2016 10:04
Feb 15 (Reuters) - e-Kong Group Ltd 0524.HK : * Inside information - term sheet in relation to a proposed investment * Pursuant to the term sheet, the investor would invest up to USD101 million in the target * Entered into a legally binding term sheet in relation to a proposed investment * It is expected that the investor and TPHK will enter into definitive agreements with respect to the proposed investment * Pre-money valuation of TPHK for the first tranche investment and the second tranche investment shall be USD500 million Source text for Eikon ID:nHKS4fRH8r ((For more news, please click here 0524.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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