Brief: China Everbright Says Co Disposed 157 Mln EBS A Shares For RMB1,957 Mln

China Everbright

24/05/2018 12:19

May 24 (Reuters) - China Everbright Ltd  0165.HK :
    * BETWEEN 11 SEPTEMBER 2017 & 24 MAY 2018 CO DISPOSED AN
AGGREGATE
OF 157 MILLION EBS A SHARES  FOR RMB1,957 MILLION
    * UPON COMPLETION OF DISPOSALS, CO WILL HOLD 25.14% OF
EXISTING
ISSUED EBS A SHARES & ABOUT 21.30% OF ENTIRE ISSUED EBS SHARES
    * BASED DISPOSAL PRICES IN RESPECT OF EBS SALE SHARES, GROUP
RECOGNIZED GAIN BEFORE TAX OF ABOUT HK$294 MILLION FOR FY2017
    * GROUP IS EXPECTED TO RECOGNIZE A GAIN BEFORE TAX OF ABOUT
HK$89
MILLION (UNAUDITED) FOR YEAR ENDING 31 DECEMBER 2018 FROM
DISPOSALS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4kV88S
Further company coverage:  0165.HK 

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