Brief: Bilibili Announces Equity Investment In Huanxi Media
31/08/2020 09:08
Aug 31 (Reuters) - Bilibili Inc BILI.O :
* BILIBILI ANNOUNCES EQUITY INVESTMENT IN HUANXI MEDIA
* BILIBILI INC - ENTERED INTO A DEFINITIVE SUBSCRIPTION
AGREEMENT
( "SUBSCRIPTION AGREEMENT") WITH HUANXI MEDIA GROUP LIMITED
* BILIBILI INC - UPON COMPLETION OF THIS TRANSACTION,
COMPANY WILL
BENEFICIALLY OWN APPROXIMATELY 9.90% OF TOTAL ENLARGED SHARE
CAPITAL OF HUANXI MEDIA
* BILIBILI- WILL SUBSCRIBE FOR 346.63 MILLION NEWLY ISSUED
SHARES
OF HUANXI AT SUBSCRIPTION PRICE OF HK$1.48 PER SUBSCRIPTION
SHARES FOR HK$513.01 MILLION
Source text for Eikon: ID:nGNX7zRCKy
Further company coverage: BILI.O
((Reuters.Briefs@thomsonreuters.com;))
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