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BRIEF-Bridge Global Capital Management updates on Hanhong acquisition

Published 01/10/2015, 09:45 am
Updated 01/10/2015, 09:48 am
© Reuters.  BRIEF-Bridge Global Capital Management updates on Hanhong acquisition

Oct 1 (Reuters) - Bridge Global Capital Management Ltd BGC.AX :

* Audited accounts and Hanhong Acquisition - update

* Contract includes the return of the company's security deposit of

HK$2.5 mln

* Agreement also covers the termination of the joint venture agreement and the

agreement for sharing revenue and costs

* Company is continuing to work on the finalization of them and anticipates

lodging them in the near future

* Agreed with M&A Ventures Ltd, owner of shares in Hanhong (Hong Kong) Limited,

not to proceed with proposed acquisition

* Says considering alternative acquisitions within Hong Kong market

* Source text for Eikon ID:nASX1d8PCQ

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