Brief: Hong Kong Education Intl Investments Updates On Loan Disposal Agreement

Bradaverse Education (Intl) Investments

07/09/2018 14:34

Sept 7 (Reuters) - Hong Kong Education Intl Investments Ltd
 1082.HK :
    * UNIT TO SELL AND ASSIGN RIGHTS, TITLES, BENEFITS AND
INTERESTS
IN AND TO LOAN, PROMISSORY NOTE & SHARE MORTGAGE
    * DEAL AT A CONSIDERATION OF HK$48 MILLION WITH AN
INDEPENDENT
THIRD PARTY
    * GROUP IS EXPECTED TO RECOGNISE A LOSS OF ABOUT HK$6.48
MILLION
AS A RESULT OF LOAN DISPOSAL
    * INTENDS TO USE PROCEEDS FROM DISPOSAL TO FINANCE WORKING
CAPITAL
OR FOR POTENTIAL ACQUISITIONS & INVESTMENTS

Source text for Eikon:  ID:nHKS4BwrhM 
Further company coverage:  1082.HK 

 ((Reuters.Briefs@thomsonreuters.com;))