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BRIEF-Value Partners Group updates on recent increase in price and trading volume of shares of co
May 22, 2017 / 3:01 PM / 7 months ago

BRIEF-Value Partners Group updates on recent increase in price and trading volume of shares of co

May 22 (Reuters) - Value Partners Group Ltd

* Noted recent increase in price and trading volume of shares of company and news reports and market rumors regarding co

* As of May 22, discussion is still on-going and relevant shareholders have not entered into any definitive agreement with potential offeror

* Application has been made by company to stock exchange for resumption of trading in shares on 23 may 2017

* Board has been informed by Dato’ Seri Cheah Cheng Hye and Yeh V-Nee that relevant shareholders have been approached by third parties

* Relevant shareholders have been approached by third parties and are in discussions with a potential offeror

* Relevant shareholders and potential offeror have signed a non-binding memorandum of understanding on 24 january 2017

* Signed non-binding memorandum of understanding on 24 jan in respect of possible transaction involving an acquisition of interests in co by potential offeror Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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