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China Innovationpay Group Ltd (8083.HK)

8083.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Innovationpay Group says it entered into sale and purchase agreement with sellers
Tuesday, 28 Mar 2017 11:27am EDT 

China Innovationpay Group Ltd <8083.HK>- : Company and sellers entered into sale and purchase agreement . Sellers agreed to sell and company has agreed to purchase sale shares for a total consideration of hk$2.1 billion . Company entered into sm placing agreement with placing agent . Placing agent to procure not less than six sm placees to subscribe for up to 460 million sm placing shares . Application has been made to stock exchange for resumption of trading in shares with effect from 9:00 a.m. On 29 march 2017 .Sm placing agreement at sm placing price of hk$0.5 to hk$0.75 per sm placing share.  Full Article

China Innovationpay updates on MOU in relation to a possible acquisition<8083.HK>
Monday, 18 Jul 2016 08:03pm EDT 

China Innovationpay Group Ltd <8083.HK>: Memorandum of understanding in relation to a possible acquisition <8083.HK> . Says consideration for the proposed acquisition is expected to be approximately hk$4.11 billion . Consideration shall be satisfied by the allotment and issuance of the shares of the company to the sellers . The company, target co and current shareholders of target co entered into mou . Target group is principally engaged in providing online and offline solutions to Mobile retailing in PRC .  Full Article

More From Around the Web

BRIEF-China Innovationpay Group seeks trading halt

* Seeks trading halt pending announcement in relation to, among others, a signed agreement which constitutes major transaction Source text for Eikon: Further company coverage: