Imperial Pacific (01076) said its controlling shareholder Inventive Star Limited has entered into an agreement to dispose of 140 million shares at HK$1.55 per share for a total of HK$217 million.
Inventive Star has proposed to use the net proceeds from the disposal to finance the development of the Group. It agreed to grant, subject to completion of the disposal, an interest-free and unsecured shareholder's loan in the amount of HK$216 million to facilitate the business development of Imperial Pacific (including but not limited to its integrated resort project on the Island of Saipan). The initial term of such shareholder's loan shall be twelve months, which may be further extended by the parties.
WoW WoW星期三：健康網購產品低至$99 (只限今天)► 立即行動
