December 28, 2017 / 3:08 PM / 22 days ago

BRIEF-C&G Environmental Protection ‍Announces Term Sheet For Proposed Transaction Of New Business​

Dec 28 (Reuters) - C&G Environmental Protection Holdings Ltd :

* ‍ANNOUNCES NON-BINDING TERM SHEET IN RELATION TO PROPOSED TRANSACTION OF A NEW BUSINESS​

* ‍PURCHASE CONSIDERATION FOR TARGET COMPANIES SHALL BE BASED ON A TARGET VALUE OF AT LEAST S$400 MILLION​

* ‍TERM SHEET FOR PROPOSED TRANSACTION OF ALL OF ISSUED AND PAID-UP SHARE CAPITAL OF TARGET COMPANIES

* ‍PROPOSED TRANSACTION, IF UNDERTAKEN AND COMPLETED, IS EXPECTED TO RESULT IN A REVERSE TAKEOVER OF COMPANY​ Source text for Eikon: Further company coverage:

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