Brief: SEEC Media Group updates on disposal of properties
19/09/2016 11:51
Sept 19 (Reuters) - SEEC Media Group Ltd 0205.HK : * Discloseable transaction disposal of properties 0205.HK * Deal for RMB52 million * Says the vendor, unit of the company, entered into the agreement with the purchaser, an independent third party * Intends to apply net proceeds from disposal towards the general working capital of the group's operation in PRC * Expects to record an estimated gain of approximately RMB 25.8 mln from the disposal * Source text (http://bit.ly/2coEKl3) ((Further company coverage: 0205.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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