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BRIEF-Figtree holdings says unit entered into joint venture agreement
March 30, 2017 / 10:16 AM / 6 months ago

BRIEF-Figtree holdings says unit entered into joint venture agreement

March 30 (Reuters) - Figtree Holdings Ltd

* Unit entered into a joint venture agreement with existing shareholders

* Deal for consideration of RMB20.0 million

* Vibrant group, holding Co of Singapore Enterprises, is also a joint venture partner subscribing for a 31% stake in Pucheng for consideration of RMB31.0 million

* Purchase consideration represents approximately a 9.05% premium over share of net asset value of Pucheng

* Subscription is not expected to have a material impact on earnings per share of group for current financial year ending 31 December 2017

* No service contract is proposed to be entered into between company and any such person. Source text for Eikon: Further company coverage:

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