CMMB Vision (HKG:0471) changes acq's payment combination


CMMB Vision Holdings (HKG:0471) changed payment combination for the previously proposed acquisition of communication business. The company said it entered into a supplemental agreement with Chi Capital, pursuant to which, the company and Chi Capital agreed to amend the terms of the consideration shares and consideration convertibles of the Chi Capital SPA, while the total considerations payable under the Chi Capital SPA will remain unchanged.

The number of consideration shares will be reduced from 1.586 billion to 1.497 billion (HK$0.033 per share),that is the amount of consideration shares will be reduced form HK$52.34 million to HK$49.4 million. The consideration convertible notes will be increased from HK$42.842 million to HK$45.786 million. The total consideration will remain unchanged at HK$95.183 million.

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