9th Jan 2018 11:00
9 January 2018
Bagir Group Ltd.
("Bagir" or the "Company")
Receipt of initial $1.65 deposit from Shandong Ruyi
Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to confirm that it has now received the $1.65m initial deposit payment from Shandong Ruyi Group.
Bagir is currently in the process of preparing the necessary shareholder circular and notice of EGM in order to approve the full investment by Shandong Ruyi Group. Further announcements will be made as appropriate.
For further information, please contact:
Bagir Group Ltd. Eran Itzhak, Chief Executive Officer Udi Cohen, Chief Financial Officer Tessa Laws, Non-Executive Chairman
| via Novella Communications on: +44 (0) 20 3151 7008 |
N+1 Singer Alex Price
| +44 (0) 20 7496 3000 |
Novella Tim Robertson Toby Andrews | +44 (0) 20 3151 7008 |
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