March 24 (Reuters) - Han Tang International Holdings Ltd : * Company and vendor entered into agreement * Company has conditionally agreed to acquire from vendor sale shares * Consideration is HK$344.8 million * Board has resolved to divest company's interest in ICSC Source text : (bit.ly/2nkkCG5) Further company coverage:
Hong Kong investment firm the Target Group has conditionally agreed to a HKD344.8m ($44.4m) acquisition of Han Tang International Holdings, based in Xuzhou, Jiangsu Province. The consideration will be settled by a stock issue at HKD0.12 per share and, upon completion, the issue of convertible bonds.