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| Home : UGE International Ltd. Announces Agreement to Spin-Off Wind Operations |
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Aug 04
2016 |
UGE International Ltd. Announces Agreement to Spin-Off Wind Operations |
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TORONTO, ONTARIO--(Marketwired - Aug. 3, 2016) - UGE International Ltd. (the "Company" or "UGE") (www.ugei.com) (TSX VENTURE:UGE)(OTCQB:UGEIF), is pleased to announce that it has executed a binding term sheet (the "Term Sheet") to sell all of the issued and outstanding equity shares of its wholly-owned, wind-focused subsidiary UGE Holdings Inc. ("Holdings") to Zhenyu Li (the "Purchaser"). The terms set out in the Term Sheet will be reflected in a definitive share sale agreement (the "Sale Agreement") to be entered into among the parties. |
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| Source:http://www.marketwired.com/mw/release.do?id=2147686&sourceType=3 |
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