Edition:
India

Fullshare Updates MOU In Relation To Proposed Strategic Cooperation


Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Fullshare Holdings Ltd <0607.HK>::‍ENTERED MOU WITH SHANGHAI JOYU CULTURE COMMUNICATION, NINGBO ZHONGBANG CHANRONG HOLDINGS AND NINGBO ZHONGXIN WANBANG ASSET MANAGEMENT.‍ZHONGBANG CHANRONG INTENDS TO ENTER AGREEMENT TO ESTABLISH EQUITY INVESTMENT FUND IN THE PRC NOT EXCEEDING RMB2.633 BILLION​.‍AGREED CO WILL BUY INTEREST IN FUND FROM ZHONGBANG CHANRONG & FUND PARTNER BY FORWARD PURCHASE BEFORE EXPIRY DATE OF TERM OF FUND​.