Alpha Returns Group plc Further Re Disposal

 
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)

Digital Learning (LSE:DLM)
Historical Stock Chart
From Oct 2024 to Nov 2024