Brief: Luk Hing Entertainment Group updates into subscription agreements

Luk Hing Entertainment group

01/08/2017 15:50

Aug 1 (Reuters) - Luk Hing Entertainment Group Holdings Ltd 
 8052.HK  
    * L&B Betula, Brilliant Hero, Guangdong Weikedor and JV 
company entered into subscription agreements 
    * Deal to form JV for operation of chinese restaurant and 
bar at leased premises situated at Harbour City in Kowloon, Hong 
Kong 
    * Upon completion of transaction, JV co will be owned as to 
71%, 20% and 9% by L&B Betula, Brilliant Hero and Guangdong 
Weikedor respectively 
    * Parties expect that they will invest up to an aggregate 
maximum amount of HK$25 million into jv company 
    * For HY ended 30 June 2017, operating expenses increased 
and are expected to continue to increase significantly in 2017 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbMQmYf 
Further company coverage:  8052.HK  
 
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