March 15, 2017 / 10:29 AM / in 4 months

BRIEF-China ocean fishing says unit entered into memorandum of understanding

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March 15 (Reuters) - China Ocean Fishing Holdings Ltd :

* Unit entered into a memorandum of understanding

* Vendors proposed to sell , in aggregate, 70% equity interest in shenzhen qisen fishery company limited*

* Jin yu tang shenzhen fishery entered into a memorandum of understanding with chen suifang and zou lian

* Consideration for memorandum and exclusivity period as well as commencement of due diligent review is rmb5 million

* Consideration under formal sale and purchase agreement will be payable in cash and/or issuing convertible bonds by company Source text for Eikon: Further company coverage:

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