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BRIEF-Hl Global Enterprises enters sale and purchase agreement with Natural Apex Ltd
May 31, 2017 / 1:53 PM / 7 months ago

BRIEF-Hl Global Enterprises enters sale and purchase agreement with Natural Apex Ltd

May 31 (Reuters) - Hl Global Enterprises Ltd:

* Entered into a conditional sale and purchase agreement with Natural Apex Limited as purchaser

* Co to sell sale shares for an aggregate cash consideration of RMB550.00 million

* Estimated that co will receive net proceeds of approximately S$98 million from proposed disposal

* Co intends to use net proceeds for repayment of unsecured loan of S$68.00 million that is owing by co to Venture Lewis Ltd Source text for Eikon: Further company coverage:

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