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Sinotrans Ltd Updates On Possible Connected Transaction Undertakings By China Merchants Group


Monday, 28 May 2018 

May 28 (Reuters) - Sinotrans Ltd <0598.HK>::UPDATES ON POSSIBLE CONNECTED TRANSACTION UNDERTAKINGS BY CHINA MERCHANTS GROUP LIMITED.REFERS TO PROPOSED ISSUE OF A SHARES & MERGER OF SINOTRANS AIR TRANSPORTATION DEVELOPMENT CORPORATION LTD THROUGH SHARE EXCHANGE.IF TRADING PRICE FALLS BELOW INITIAL ISSUE PRICE IN FIRST 5 DAYS OF LISTING, CHINA MERCHANTS WILL BUY RMB800 MILLION WORTH OF A SHARES OF CO.NEITHER CO NOR ITS UNITS ARE INVOLVED IN RESPECT OF ABOVE WITH CHINA MERCHANTS, & TERMS OF MERGER AGREEMENT REMAIN UNCHANGED. 

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