April 19, 2017 / 3:11 PM / 7 months ago

BRIEF-Orient Victory China entered into a non-legally binding term sheet

April 19 (Reuters) - Orient Victory China Holdings Ltd :

* Company entered into a non-legally binding term sheet with haitong international investment fund spc

* Deal in relation to possible cooperation where both parties will invest total of not more than about us$50 million

* Haitong SPC would subscribe for preferred shares of a limited company to be set up by company Source text: [bit.ly/2on3JJ8] Further company coverage:

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