ECG 0.00% 2.6¢ ecargo holdings limited

News: ECG eCargo Holdings Says To Purchase Metcash's China Export Business

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    Nov 8 (Reuters) - eCargo Holdings Ltd (ECG) :

    • TO PURCHASE METCASH'S CHINA EXPORT BUSINESS
    • METCASH'S CHINA HEAD TO BE APPOINTED AS INTERIM CEO OF ECG
    • AGREEMENT TO ACQUIRE 85% OF METCASH EXPORT SERVICES PTY LIMITED WHICH INCLUDES ITS CHINA-BASED SUBSIDIARY
    • CONSIDERATION PAYABLE FOR ACQUISITION IS A$2.5 MILLION PLUS 85% OF NET ASSET VALUE OF BUSINESS
 
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Currently unlisted public company.

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