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BRIEF-Tingyi Cayman Islands agrees to purchase shares in Tingyi-Asahi Beverages
September 30, 2016 / 8:51 AM / a year ago

BRIEF-Tingyi Cayman Islands agrees to purchase shares in Tingyi-Asahi Beverages

Sept 30 (Reuters) - Tingyi Cayman Islands Holding Corp

* Company has agreed to purchase from AI Beverage Holding 52,637 shares in Tingyi-Asahi Beverages representing approximately 5% in share capital of Tingyi-Asahi Beverages

* Consideration for acquisition payable by company will be financed by group’s internal resources

* Ting hsin has agreed to purchase from AIB 52,637 shares in tab representing approximately 5% in share capital of TAB.

* Consideration for purchase of shares in tab payable by company is us$165 million Source text for Eikon: Further company coverage:

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