March 20, 2018 / 12:51 PM / a month ago

BRIEF-iFresh Signs Letter Of Intent To Acquire 75 Pct Of Fujian Fuding Seagull Fishing Food

March 20 (Reuters) - iFresh Inc:

* IFRESH, INC. SIGNS LETTER OF INTENT TO ACQUIRE 75% OF FUJIAN FUDING SEAGULL FISHING FOOD CO., LTD.

* IFRESH INC - DEAL SET AT A LEVEL OF APPROXIMATELY 525 MILLION RMB, WITH A COMBINATION OF CASH AND STOCK​

* IFRESH INC - ‍EXPECTS TO SIGN A DEFINITIVE AGREEMENT WITHIN 90 DAYS​ Source text for Eikon: Further company coverage:

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