Brief: Pine Technology says Alliance Express enters MOU

Pine Technology Holdings

18/01/2017 14:55

Jan 18 (Reuters) - Pine Technology Holdings Ltd  1079.HK  
    * Alliance Express and some individuals as potential vendors 
and an independent third party as purchaser and co entered into 
MOU 
    * In consideration of potential vendors entering into MOU, a 
sum of HK$10 million as deposit has been paid by potential 
purchaser 
    * MOU for possible sale of potential vendors' interest in 
company by potential vendors to potential purchaser 
    * MOU for possible sale of 15 pct equity interest in Pine 
Technology, a unit, by company to potential vendors 
    * Application has been made to stock exchange for resumption 
of trading of shares on stock exchange with effect on, 19 
January 2017 
 
Source text for Eikon:  ID:nHKS5WjGrx  
Further company coverage:  1079.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))