United States

Heng Tai Consumables enters into agreement for HK$23.4 million<0197.HK>

Monday, 5 Sep 2016 06:10am EDT 

Heng Tai Consumables Group Ltd <0197.HK>: Discloseable transaction in relation to the acquisition of the entire equity interest of the bvi holding company <0197.HK> . Purchaser and the vendors entered into the agreement . Deal for consideration of hk$23.4 million . Vendors have conditionally agreed to sell to the purchaser the bvi holding company's shares . Says upon completion, the restructured group will become indirect wholly-owned subsidiaries of the company. . Consideration will be satisfied by cash .Purchaser is fiorfie holdings limited, vendors are collectively uni-money and mr. wat.