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BRIEF-Madison Wine Holdings says unit entered into term sheet with CVP Holdings
December 9, 2016 / 3:09 PM / a year ago

BRIEF-Madison Wine Holdings says unit entered into term sheet with CVP Holdings

Dec 9 (Reuters) - Madison Wine Holdings :

* Perfect zone intends to acquire, and cvp holdings intends to sell, entire issued share capital of cvp asset management

* Consideration for proposed acquisition is expected to be hk$14 million

* Perfect zone, a wholly-owned subsidiary of company, entered into first term sheet with cvp holdings

* Consideration expected to be satisfied by perfect zone by procuring company to issue promissory note to cvp holdings

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