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Orient Victory China : & Haitong SPC to invest in tourism projects

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by April 21, 2017 General

[ET Net News Agency, 20 April 2017] Orient Victory China (00265) said it entered into a

non-legally binding term sheet with Haitong International Investment Fund SPC in relation

to the possible cooperation where both parties will invest a total of not more than about

US$50 million (equivalent to about HK$390 million).

The parties intend to cooperate with each other, where Haitong SPC would subscribe for

the preferred shares of a limited company to be set up by Orient Victory. The possible

cooperation is for the purpose of investing in various investment projects in the tourism

industry including acquisition of resort hotel overseas.

The principal activity of Haitong SPC is to invest in diversified portfolios. Haitong

SPC is managed by Harveston Asset Management Pte. Ltd., a company incorporated with

limited liability in Singapore. (HL)

(c) 2017 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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