BRIEF-Far East Consortium International Announces Acquisition Of Shareholding In BC Group

Reuters

Thu, Feb 21, 2019, 9:28 AM

Feb 21 (Reuters) - Far East Consortium International Ltd :

* ANNOUNCES ACQUISITION OF MAJORITY SHAREHOLDING IN BC GROUP FOLLOWING A REORGANISATION

* ANNOUNCES REORGANISATION INVOLVING ITS EXISTING STAKE OF 37.5% IN BC FINANCE SERVICES AND BC SECURITIES (HK)

* UPON COMPLETION, GROUP WILL HOLD 67.55% OF BC GROUP AND BC GROUP WILL BECOME HOLDING CO OF BC SECURITIES

* CO'S INTERESTS IN BC FINANCE SERVICES AND BC SECURITIES (HK) WILL BE EXCHANGED FOR SHARES IN BC GROUP

* NEW INVESTORS TO SUBSCRIBE FOR NEW SHARES REPRESENTING 25% OF SHARE CAPITAL IN BC GROUP FOR A$15 MILLION Source text for Eikon: Further company coverage:

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BRIEF-Far East Consortium International Announces Acquisition Of Shareholding In BC Group

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