January 18, 2017 / 3:28 PM / 7 months ago

BRIEF-Pine Technology says Alliance Express enters MOU

Jan 18 (Reuters) - Pine Technology Holdings Ltd

* Alliance Express and some individuals as potential vendors and an independent third party as purchaser and co entered into MOU

* In consideration of potential vendors entering into MOU, a sum of HK$10 million as deposit has been paid by potential purchaser

* MOU for possible sale of potential vendors' interest in company by potential vendors to potential purchaser

* MOU for possible sale of 15 pct equity interest in Pine Technology, a unit, by company to potential vendors

* Application has been made to stock exchange for resumption of trading of shares on stock exchange with effect on, 19 January 2017 Source text for Eikon: Further company coverage:

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