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BRIEF-Dongfang Modern Agriculture updates on acquisition of two plantations

Published 16/12/2015, 09:42 am
© Reuters.  BRIEF-Dongfang Modern Agriculture updates on acquisition of two plantations
DFM
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Dec 16 (Reuters) - Dongfang Modern Agriculture Holding Group Ltd DFM.AX :

* Finalising acquisition of two major plantations

* Further plantations acquisitions that will result in co controlling total of 20 plantations covering over 8,000 hectares

* Terms are that an 80% deposit of RMB 155 million will be paid immediately with the 20% balance in 2016

* Says the subsidiary will complete the acquisition upon payment of the second and final instalment of RMB 60 million

* Source text for Eikon ID:nASX2Xphyy

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