Alpha Returns Group plc Further Re Disposal
November 16 2015 - 8:15AM
UK Regulatory
TIDMARGP
Alpha Returns Group plc
(the "Company" or "Alpha Returns")
16 November 2015
Further re Conditional disposal of Riche Bright Securities Limited ("RB
Securities")
Further to the announcement made on 2 November 2015, Alpha Returns, the
AIM traded investing company focussing on investments in high-growth
Asian economies, is pleased to update that Hzone Holdings Limited has
satisfactorily completed its nine business day due diligence in respect
of its conditional purchase of RB Securities. The disposal of RB
Securities by the Company's 70 per cent. owned joint-venture investment
vehicle Riche Bright Group Limited remains subject to conditions
precedent that the purchaser, (or its nominee) obtains approval from the
Hong Kong Securities and Futures Commission ("HKSFC") to become a
substantial shareholder of RB Securities and no breach of warranty prior
to Completion. The long stop date for satisfaction of the conditions
precedent has been agreed at 30 April 2016.
For further information:
Christopher Neo
Alpha Returns Group plc Executive Director 020 3286 6388
ZAI Corporate Finance Ltd Peter Trevelyan-Clark / Ivy
(NOMAD) Wang 020 7060 2220
Peterhouse Corporate Finance
(Broker) Duncan Vasey / Lucy Williams 020 7220 9797
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Alpha Returns Group plc via Globenewswire
HUG#1967081
http://www.alpharet.com
(END) Dow Jones Newswires
November 16, 2015 09:15 ET (14:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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