BRIEF-Evergrande Health Industry Group To Acquire Season Smart Ltd For Hk$6.75 Bln

Reuters

25 June 2018 at 4:39 am

June 25 (Reuters) - Evergrande Health Industry Group Ltd :

* ANNOUNCES ACQUISITION OF SEASON SMART LIMITED & ITS SALE SHARE FOR HK$6.75 BILLION

* PURSUANT TO MERGER AGREEMENT, SEASON SMART LTD WILL INVEST A FURTHER AGGREGATE AMOUNT OF US$1.2 BILLION INTO JV

* SEASON SMART LTD & FARADAY FUTURE ORIGINAL SHAREHOLDER JOINTLY ESTABLISHED A NEW CO, SMART KING LTD AS A JV

* SEASON SMART LTD TO MAKE A CAPITAL CONTRIBUTION OF US$2 BILLION TO OBTAIN A 45% STAKE IN JV

* FARADAY FUTURE ORIGINAL SHAREHOLDER TO CONTRIBUTE TECHNICAL ASSETS, BUSINESS OWNED BY FARADAY FUTURE TO GET A 33% IN JV Source text for Eikon: Further company coverage:

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BRIEF-Evergrande Health Industry Group To Acquire Season Smart Ltd For Hk$6.75 Bln

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