BRIEF-V1 Group Announces Acquisition Of Easy Prime Developments Ltd

Reuters
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July 30 (Reuters) - V1 Group Ltd:

* ANNOUNCES ACQUISITION OF EASY PRIME DEVELOPMENTS LTD FOR HK$630 MILLION FROM RISING GREEN LTD

* ABOUT 40% OF CONSIDERATION SHALL BE SATISFIED BY WAY OF ISSUE OF 878.3 MILLION CONSIDERATION SHARES AT HK$0.286 PER SHARE BY CO

* HK$206.4 MILLION OF CONSIDERATION SHALL BE PAYABLE IN CASH IN THREE BATCHES

* HK$172.4 MILLION, BEING ABOUT 27% OF CONSIDERATION, SHALL BE SATISFIED BY WAY OF CREATION & ISSUE OF CONVERTIBLE BONDS BY CO Source text for Eikon: Further company coverage:

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