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BRIEF-China Eco-farming announces acquisition of entire issued share capital of Shunxin Holdings Ltd
May 30, 2017 / 11:41 AM / 4 months ago

BRIEF-China Eco-farming announces acquisition of entire issued share capital of Shunxin Holdings Ltd

May 30 (Reuters) - China Eco-farming Ltd

* Announces acquisition of entire issued share capital of shunxin holdings limited

* Consideration cbs are convertible at conversion price of hk$0.06 per consideration conversion share

* Vendor cosmic bliss and purchaser champion front ltd and co enter sale and purchase agreement

* Vendor has agreed to sell to champion front ltd the sale shares at consideration of hk$120 million

* Kingston Securities Limited and co entered into placing agreement

* Kingston Securities to procure subscribers to subscribe for placing convertible bonds in aggregate principal amount of hk$360 million Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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