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684 Allan International Holdings News Story

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Brief: Allan International Holdings updates on disposal of property

Dec 29 (Reuters) - Allan International Holdings Ltd  0684.HK : 
 * Intl-major transaction: disposal of property  0684.HK  
 * Says the vendor (a wholly-owned subsidiary of the company) and the purchaser entered into provisional spa 
 * Deal for consideration of hk$179 million 
 * Intend to utilise net proceeds for future investment and expansion of the group's business 
 * Says gain expected to accrue to group from the disposal is approximately hk$168.4 million before tax 
 
 * Source text for Eikon  ID:nHKS8X54Rd  
 
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