BRIEF-Tou Rong Chang Fu Group says lapse of MoU in respect of possible acquisition

April 10 (Reuters) - Tou Rong Chang Fu Group Ltd :

* Lapse of The Memorandum Of Understanding In Respect Of The

Possible Acquisition Of The Entire Equity Interests In Chuangxin

Insurance Sales Co., Ltd.

* Board considers that lapse of MOU will not have any

material adverse impact on group as a whole

* Vendor has refunded deposit in amount of HK$10 million and

further deposit in amount of RMB6.5 million to purchaser

Source text :(

Further company coverage: