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BRIEF-Dah Chong Hong announces acquisition of Mercedes-Benz and Audi dealership companies
July 21, 2017 / 4:29 AM / 2 months ago

BRIEF-Dah Chong Hong announces acquisition of Mercedes-Benz and Audi dealership companies

July 21 (Reuters) - Dah Chong Hong Holdings Ltd

* Unit and Ciji Holding Group entered into the MB SPA

* Deal at a consideration for MB SPA is in the amount of rmb807.7 million

* Kunming Dah Chong Hong Management and Consulting Limited and the Audi sellers enter the Audi Spa

* Pursuant to MB SPA, MB seller agreed to sell MB Target Equity

* Audi sellers are Gong Jianquan And Shi Xuequan

* Unit conditionally agreed to purchase and audi sellers conditionally agreed to sell audi target equity for consideration of of rmb113.1 million Source text for Eikon: Further company coverage:

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