Vista Group confirms approvals – Vista China Equity Stake
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Vista Group International Ltd, L3, 60 Khyber Pass Road, Newton, PO Box 8279, Symonds St, Auckland 1150, NZ
Market Announcement
24 August 2018, Vista Group International Limited, Auckland, New Zealand
Vista Group completes regulatory process for increased stake in
Vista China.
Vista Group International (‘Vista Group’ NZX & ASX: VGL) and its Chinese subsidiary, Vista
Entertainment Solutions Limited, Shanghai (Vista China), confirm the granting of the final regulatory
approvals required to approve the 7.9% equity purchase from its partner, Beijing Weying
Technology
Co. Limited (WePiao).
The commercial agreement for this share purchase was outlined in the Market Announcement
released on 20 February 2018. The regulatory approval received, confirms the terms of the original
commercial agreements.
There has been a delay in completing the additional agreements to enable the consolidation of Vista
China into the Vista Group accounts. Vista Group hopes to conclude these arrangements shortly
and the market will be updated once that process is finished including the date that consolidation will
commence.
Kimbal Riley
Group Chief Executive
Vista Group International Ltd
Contact: +64 9 984 4570
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