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Value Convergence extends closing date for Bright Element Investments deal

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Value Convergence extends closing date for Bright Element Investments deal

Value Convergence Holdings Ltd. extended the completion date for its proposed acquisition of Bright Element Investments Ltd. to Jan. 31.

The company and Ting Pang Wan Raymond, the seller, agreed to extend the long-stop date for the deal to Jan. 31 from Dec. 31, 2018, as additional time is required to fulfill certain conditions. Under the deal, Value Convergence is buying Bright Element Investments for HK$257.2 million.