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BRIEF-Magnificent Hotel Investments updates on termination of asset purchase agreement
April 24, 2017 / 11:29 AM / 8 months ago

BRIEF-Magnificent Hotel Investments updates on termination of asset purchase agreement

April 24 (Reuters) - Magnificent Hotel Investments Ltd :

* Boards consider it is in best interests of companies not to proceed with acquisition

* Boards of cos consider that termination of agreement will not have any material impact on business or financial position of co

* Asset purchase agreement was terminated and deposits paid to vendors under asset purchase agreement will be refunded in full to purchaser Source text for Eikon: Further company coverage:

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