July 7, 2017 / 2:29 PM / a month ago

BRIEF-United Pacific Industries updates on MOU in relation to possible acquisition

July 7 (Reuters) - United Pacific Industries Ltd:

* Announces memorandum of understanding in relation to possible acquisition

* Consideration for possible acquisition will be RMB20 million

* Company intends to acquire 100% equity interest in Shenzhen City Qianhai Wanke Financial Services

* ‍Shenzhen City Qianhai Wanke Financial Services entered into acquisition agreement for acquisition of Lijiang Hua Ou Real Estate Company Limited​

* Shenzhen City Qianhai Wanke Financial Services to acquire Lijiang Hua Ou Real Estate at a consideration of RMB500 million Source text for Eikon: Further company coverage:

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