Mongolia Inv (00402) to buy Sinbo Investment
(Infocast News) Mongolia Investment Group (00402) (MIGL) has entered into a memorandum of understanding for the acquisition of Sinbo Investment Limited, which is principally engaged in the business of aerial photography, aviation and aerospace remote sensing image data processing, provision of geographic information system (GIS) software and solutions.
The aggregate consideration for the sale shares is payable to the vendors by the issue and allotment of 4.1-6.9 billion new shares; the issue by MIGL of convertible bonds with principal amount ranging from HK$1.1-1.2 billion; and cash of HK$59 million.
The aggregate consideration for the sale shares is payable to the vendors by the issue and allotment of 4.1-6.9 billion new shares; the issue by MIGL of convertible bonds with principal amount ranging from HK$1.1-1.2 billion; and cash of HK$59 million.
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