Brief: C.Banner International Holdings To Sell Entire Issued Share Capital Of Allied Great International Holdings For RMB5 Mln

C banner International Holdings

18/06/2020 15:08

June 18 (Reuters) - C.banner International Holdings Ltd
 1028.HK :
    * CO TO SELL ENTIRE ISSUED SHARE CAPITAL OF ALLIED GREAT
INTERNATIONAL HOLDINGS FOR RMB5 MILLION
    * CO, XUZHOU C.BANNER, MEIHONG FOOTWEAR & NANJING MAYFLOWER
ENTERED OBLIGATIONS AND DEBTS FRAMEWORK AGREEMENT
    * EXPECTED THAT GROUP WILL RECORD GAIN OF ABOUT RMB188.1
MILLION
FROM DISPOSAL
    * UNDER AGREEMENT, NANJING MAYFLOWER TO SETTLE TRADE DEBTS
OF
RMB826.7 MILLION IT OWED TO GROUP EXCEPT ALLIED GREAT
INTERNATIONAL

Source text for Eikon:  ID:nHKScg25X2 
Further company coverage:  1028.HK 

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