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BRIEF-Winshine Science Co Ltd updates on acquisition of 60% equity interest of Hainan Zhongzhi
April 3, 2017 / 12:28 AM / in 4 months

BRIEF-Winshine Science Co Ltd updates on acquisition of 60% equity interest of Hainan Zhongzhi

1 Min Read

April 3 (Reuters) - Winshine Science Co Ltd

* Acquisition of 60% equity interest of target company

* Deal for at a total consideration of RMB30 million

* Upon completion of acquisition, target company will be held as to 60% by loyal victory and as to 40% by remaining shareholder

* Upon completion of acquisition, Hainan Zhongzhi co will be held as to 60% by Loyal Victory and as to 40% by remaining shareholder

* Loyal Victory conditionally agreed to purchase 60% of existing equity interest of Hainan Zhongzhi Co Source text for Eikon: Further company coverage:

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