AHG automotive holdings group limited.
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News: AHG Automotive Holdings Says Sale Of Refrigerated Logistics Business Delayed

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    28/06/18
    10:30
    Post #: 34002384

    June 28 (Reuters) - Automotive Holdings Group Ltd (AHG) :

    • 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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