BRIEF-China Bio Cassava to purchase sale shares in target co Master Ace Group

April 11 (Reuters) - China Bio Cassava Holdings Ltd

* Vendor and company entered into agreement

* Co has conditionally agreed to purchase sale shares,

representing 30 pct of issued share capital in target company

for the consideration

* Upon completion, company will issue promissory note with

principal sum of HK$7.5 mln to vendor in settlement of

consideration

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