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BRIEF-Philippine Infradev Executes Investment Agreement With Hui Gao Investments Development

Published 10/29/2019, 09:56 AM
BRIEF-Philippine Infradev Executes Investment Agreement With Hui Gao Investments Development

Oct 29 (Reuters) - Philippine Infradev Holdings Inc
IRC.PS :
* EXECUTED INVESTMENT AGREEMENT WITH HUI GAO INVESTMENTS
DEVELOPMENT LIMITED
* UNDER AGREEMENT, HUI GAO INVESTMENTS DEVELOPMENT AGREED TO
SUBSCRIBE SHARES REPRESENTING 34% OF CO'S ADJUSTED SHARES
CAPITAL
* HUI GAO INVESTMENTS DEVELOPMENT TO SUBSCRIBE SHARES FOR
TOTAL
ISSUE PRICE OF US$102 MILLION

Source text for Eikon: company coverage: IRC.PS

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