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8 months ago
BRIEF-V1 Group says unit intends to further subscribe new ordinary shares in Bank Of Asia Ltd
December 28, 2016 / 2:20 PM / 8 months ago

BRIEF-V1 Group says unit intends to further subscribe new ordinary shares in Bank Of Asia Ltd

Dec 28 (Reuters) - V1 Group Ltd :

* Unit intends to further subscribe for up to 35.2 million new ordinary shares in Bank Of Asia (Bvi) Limited

* Deal pursuant to which subscriber and issuer have agreed to use their best endeavours to negotiate and enter into formal agreement

* Subscriber (a direct wholly-owned subsidiary of company), issuer and guarantor entered into mou in relation to proposed further subscription

* Deal for a total subscription price of up to US$32 million Source text for Eikon: Further company coverage:

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