May 31, 2017 / 4:34 PM / 2 months ago

BRIEF-Panamax says major shareholders agree on declaration of intent

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May 31 (Reuters) - PANAMAX AG:

* Major Shareholders Agree on the Declaration of Intent

* MAJOR SHAREHOLDERS OF PANAMAX SIGNED A NON-BINDING LETTER OF INTENT, WHICH ENABLES PANAMAX AG TO ACQUIRE 100% OF THE SHARES OF JIANGSU SHOUGUANG ELECTRONIC COMMERCE CO.LTD

* ACQUISITION IS TO BE CARRIED OUT THROUGH CAPITAL INCREASE IN KIND Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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