December 8, 2016 / 12:54 PM / 8 months ago

BRIEF-HC International to acquire Tianjin Huijiayuantian Advertisement Media

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Dec 8 (Reuters) - HC International Inc :

* Letter of intent in relation to proposed acquisition is subject to, among others, execution of formal agreement

* Upon completion of proposed acquisition, it is expected that all existing directors of target group will resign

* Vendors are zou kai, hong chaoran, sun yi and wang fei, and target company is tianjin huijiayuantian advertisement media co ltd

* Company and vendors have entered into letter of intent in relation to proposed acquisition

* Total consideration for proposed acquisition shall be an amount in hong kong dollars equivalent to rmb360 million

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