January 26, 2018 / 2:49 PM / in a year

BRIEF-Tian GE Interactive Holdings Says Unit To Buy 66.4% Stake In Shanghai Benqu Internet Technology Co

Jan 26 (Reuters) - Tian Ge Interactive Holdings Ltd :

* UNIT TO BUY 66.4% STAKE IN SHANGHAI BENQU INTERNET TECHNOLOGY COMPANY FOR RMB200.9 MILLION

* UNIT ‍TO PAY RMB64.8 MILLION IN CASH TO FIRST VENDOR, PROCURE CO TO ISSUE 13.2 MILLION SHARES TO ENTITIES OWNED BY FOUNDERS

* REMAINING CONSIDERATION TO BE PAID AS RMB73.1 MILLION TO SECOND VENDORS​

* ‍CONSIDERATION SHARES TO BE ISSUED AT HK$5.88 PER SHARE​ Source text for Eikon: Further company coverage:

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