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BRIEF-Biostime International says entered into the share sale agreement

Published 17/09/2015, 11:28 pm
© Reuters.  BRIEF-Biostime International says entered into the share sale agreement
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Sept 17 (Reuters) - Biostime International Holdings Ltd 1112.HK :

* Says entered into the share sale agreement

* Says consideration is comprised of a cash element and the consideration shares

* Company has conditionally agreed to acquire through the purchaser, an approximately 83% equity interest in the target group

* Says completion of the acquisition is expected to take place in late September 2015

* Deal for consideration of approximately A$1.39 bn

* Company and Biostime hk entered into the facility agreement

* Says facility agreement provides for up to USD450 million of bridge financing for the acquisition

* Application made resumption of trading in the shares with effect from 9.00 a.m. (Hong Kong time) on 18 September 2015

* Source text for Eikon ID:nHKS6xmlx1

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