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BRIEF-Finsoft Financial Investment says entered into agreement to acquire 40% interest in Ultimate Elite Investments
December 5, 2016 / 3:02 PM / 10 months ago

BRIEF-Finsoft Financial Investment says entered into agreement to acquire 40% interest in Ultimate Elite Investments

Dec 5 (Reuters) - Finsoft Financial Investment Holdings Ltd :

* Finsoft financial investment holdings ltd- purchaser, a wholly-owned subsidiary of company, and vendor entered into sp agreement

* Deal at consideration of hk$48.8 million

* Finsoft financial - vendor has agreed to sell and purchaser has agreed to acquire sale shares, representing 40% of issued share capital of target

* Finsoft financial investment-group funded consideration as to hk$10.2 million by proceeds from disposal and as to hk$38.6 million by borrowings and internal resources of group

* Finsoft financial investment - vendor is praiseful moment limited, purchaser is winrange investments ltd and the target is Ultimate Elite Investments

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