Brief: China Green Holdings updates on disposal of equity interest in indirect wholly-owned unit

China Green (Holdings)

17/04/2017 11:14

April 17 (Reuters) - China Green (Holdings) Ltd  0904.HK  
    * Discloseable transaction in relation to disposal of entire 
equity interest in an indirect wholly-owned subsidiary 
    * Deal for cash consideration of approximately RMB49.8 
million 
    * Purchaser agreed to acquire equity interest, representing 
100% of equity interest in target company 
    * Deal includes debt in amount of approximately RMB45.2 
million 
    * Company expects to record a loss on disposal of 
approximately RMB5 million 
    * Expected that disposal will not have a material adverse 
impact on net asset position of group 
    * Target co being China Green (Fuyang) Beverages Science And 
Technology Development Limited; vendor being  Xiamen Company 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS14S71Y 
Further company coverage:  0904.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))