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BRIEF-Automotive Holdings Says Sale Of Refrigerated Logistics Business Delayed

Published 28/06/2018, 10:26 am
© Reuters.  BRIEF-Automotive Holdings Says Sale Of Refrigerated Logistics Business Delayed
AHG
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June 28 (Reuters) - Automotive Holdings Group Ltd AHG.AX :

* DISCLOSED SALE OF ITS REFRIGERATED LOGISTICS BUSINESS TO CC LOGISTICS (AUSTRALIA) WILL NOT COMPLETE BY 30 JUNE

* FIRB APPROVAL OF TRANSACTION HAS NOT YET BEEN OBTAINED BY CC LOGISTICS (AUSTRALIA) PARENT HNA INTERNATIONAL

* HNA INTERNATIONAL INFORMED THAT FIRB'S DECISION NOW EXPECTED ON OR ABOUT 29 JUNE , WITH FORMAL NOTIFICATION IN EARLY JULY 2018

* HNA INTERNATIONAL PROPOSED AMENDMENTS TO CERTAIN TERMS OF DEAL LIKE PROVISION OF FUNDING SUPPORT BY AHG

* HEADLINE SALE PRICE OF DEAL REMAINS UNCHANGED

* DISCUSSIONS IN RELATION TO PROPOSED AMENDMENTS ARE INCOMPLETE

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