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4 months ago
BRIEF-Smi Holdings reopens negotiations in relation to possible acquisition
May 4, 2017 / 3:39 PM / 4 months ago

BRIEF-Smi Holdings reopens negotiations in relation to possible acquisition

May 4 (Reuters) - Smi Holdings Group Ltd:

* SMI holdings and SMI culture & travel recently have reopened negotiations in relation to possible acquisition

* SMI Holdings will acquire sale shares at a consideration of RMB150 million

* Entered into MOU to negotiate & enter into formal agreement on possible acquisition of shares held by vendor in Ticketchina Holdings Ltd

* consideration of RMB 150 million, RMB100 million to be settled by issue of convertible bonds by smi culture & travel, and remaining rmb50 million to be settled by cash Source text for Eikon: Further company coverage:

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