Reuters logo
BRIEF-Sunac China says Tianjin Jiarui to acquire equity interest in Leshi Internet, Leshi Pictures and Leshi Zhixin for RMB15.04 bln
January 13, 2017 / 12:57 PM / 10 months ago

BRIEF-Sunac China says Tianjin Jiarui to acquire equity interest in Leshi Internet, Leshi Pictures and Leshi Zhixin for RMB15.04 bln

Jan 13 (Reuters) - Sunac China Holdings Ltd :

* Major transaction in relation to investment in target shares of Leshi Internet, Leshi Pictures and Leshi Zhixin

* Tianjin Jiarui entered into Leshi Internet SP agreement with Jia Yueting

* Jia conditionally to sell, and Tianjin Jiarui to acquire, 8.61% equity interest in Leshi Internet at consideration of RMB6.04 billion

* Consideration per share payable by Tianjin Jiarui for Leshi Internet interest is RMB35.39

* Tianjin Jiarui entered into Leshi Pictures SP agreement with Leshi Holding Jia

* Leshi Holding agreed to sell and Tianjin Jiaru agreed to acquire 15% equity interest in Leshi Pictures for RMB1.05 billion

* Tianjin Jiarui entered into Leshi Zhixin SP agreements and Leshi Zhixin capital increase agreement with Leshi Internet, Xinle Asset,Jia and Leshi Zhixin

* Tianjin Jiarui to acquire in aggregate 33.4959% equity interest in Leshi Zhixin upon completion of capital increase at RMB7.95 billion

* New board of Leshi Pictures shall comprise seven directors

* Upon completion of investment, Tianjin Jiarui to hold 8.61% interest in Leshi Internet, 15% in Leshi Pictures and 33.4959% in Leshi Zhixin

* Jia Yueting is the founder of target companies Leshi Internet, Leshi Pictures and/or Leshi Zhixin Source text for Eikon: Further company coverage: [1918.HK,300104.SZ]

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below