December 27, 2017 / 10:22 PM / 6 months ago

BRIEF-Yangtze River Development To Buy All Interests Of Wuhan Economic Development Port‍

Dec 27 (Reuters) - Yangtze River Development Ltd:

* YANGTZE RIVER DEVELOPMENT - ON DEC 26, CO ENTERED AGREEMENT WITH SHAREHOLDERS OF WUHAN ECONOMIC DEVELOPMENT PORT TO BUY ALL INTERESTS OF WUHAN ‍

* YANGTZE RIVER DEVELOPMENT - AS PER AGREEMENT, SHAREHOLDERS OF WUHAN WILL ACQUIRE ALL EQUITY INTEREST HELD BY CO IN CO'S UNIT ENERGETIC MIND

* YANGTZE - ON EXECUTION OF AGREEMENT, SHAREHOLDERS OF WUHAN WILL UNDERGO REORGANIZATION, BECOME LIMITED LIABILITY COMPANY OWNED BY A BVI ENTITY

* YANGTZE-DEAL CONSIDERATION TO BE FIRST OFFSET AGAINST BOTH PARTIES OF TARGET COS LEAVING BALANCE OF RMB 600 MILLION TO BE PAID BY CO TO WUHAN SHAREHOLDERS Source text: (bit.ly/2pI4Nw7) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below