March 28, 2017 / 3:27 PM / 4 months ago

BRIEF-China Innovationpay Group says it entered into sale and purchase agreement with sellers

1 Min Read

March 28 (Reuters) - China Innovationpay Group Ltd -

* Company and sellers entered into sale and purchase agreement

* Sellers agreed to sell and company has agreed to purchase sale shares for a total consideration of hk$2.1 billion

* Company entered into sm placing agreement with placing agent

* Placing agent to procure not less than six sm placees to subscribe for up to 460 million sm placing shares

* Application has been made to stock exchange for resumption of trading in shares with effect from 9:00 a.m. On 29 march 2017

* Sm placing agreement at sm placing price of hk$0.5 to hk$0.75 per sm placing share Source text (bit.ly/2ouAFz1) Further company coverage:

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