BRIEF-Global New Material International Seeks Trading Halt

Reuters
Feb 09
BRIEF-Global New Material International Seeks Trading Halt

Feb 9 (Reuters) - Global New Material International 6616.HK:

  • TRADING HALT OF SHARES ON HONG KONG STOCK EXCHANGE WEF 9 FEBRUARY

  • AGREEMENT ENTERED ON 6 FEB BETWEEN TONGLU JUNHENG EQUITY INVESTMENT PARTNERSHIP & 2 MAJOR SHAREHOLDERS OF ZHEJIANG JIHUA GROUP CO

  • CONSIDERATION EXPECTED TO BE RMB1,494.5 MILLION

  • ZHEJIANG JIHUA TO BE NON-WHOLLY OWNED SUBSIDIARY OF CO FOLLOWING ACQUISITION COMPLETION

  • TONGLU JUNHENG EQUITY INVESTMENT PARTNERSHIP TO ACQUIRE 29.89% STAKE IN ZHEJIANG JIHUA

Further company coverage: 6616.HK

((Reuters.Briefs@thomsonreuters.com;))

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