BRIEF-Standard Chartered Says Unit Entered Into Investment Agreement With Clifford Capital Holdings, Among Others

March 26 (Reuters) - 2888.HK:

* UNIT ENTERED INTO INVESTMENT AGREEMENT OF CLIFFORD CAPITAL HOLDINGS PTE. LTD.

* SCBSL AGREED TO SWAP ITS EXISTING SHARES IN CCPL FOR SHARES IN CCH AT A 1:1 EXCHANGE RATIO

* UNIT COMMITTED TO CONTRIBUTE ADDITIONAL FUNDS TO CCH UP TO TOTAL AMOUNT OF US$43.4 MILLION BY WAY OF SUBSCRIPTION FOR SHARES

* THROUGH UNIT ENTERED INVESTMENT AGREEMENT WITH CLIFFORD CAPITAL HOLDINGS, TEMASEK SPVS AND OTHER TRANSACTION PARTIES

* SCBSL WILL SELL ITS SHARES IN CCPL TO CCH FOR AGGREGATE AMOUNT OF US$33.7 MILLION Source text for Eikon: Further company coverage: