HNG 0.00% 33.5¢ hancock & gore ltd

Dec 6 (Reuters) - HGL Ltd (HNG) : 50% OWNED JOINT VENTURE CO...

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    Dec 6 (Reuters) - HGL Ltd (HNG) :

    • 50% OWNED JOINT VENTURE CO MOUNTCASTLE PTY LTD ENTERED A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF SHARES IN LW REID PTY LTD
    • PRICE OF ACQUISITION IS A MAXIMUM OF $23 MILLION OVER AN 18-MONTH PERIOD, WITH FINANCING THROUGH A COMBINATION OF BANK DEBT AND INTERNAL FUNDS
    • COMBINED BUSINESS WILL GENERATE REVENUES IN EXCESS OF $40.0 MILLION.
    • ACQUIRED BUSINESS TO BE EPS ACCRETIVE FROM COMPLETION
 
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