Brief: China Infrastructure & Logistics Group Announces Disposal Of A Subsidiary

China Infrastructure & Logistics

24/11/2023 10:20

Nov 24 (Reuters) - China Infrastructure & Logistics
Group Ltd  1719.HK :
    * DISPOSAL OF A SUBSIDIARY
    * WUHAN ZHONGJI, HUBEI PORT HANJIANG AND ZHONGXIANG CITY
ZHONGJI
ENTERED EQUITY TRANSFER AGREEMENT
    * DISPOSAL OF A SUBSIDIARY FOR A CONSIDERATION OF RMB69.6
MILLION
IN CASH
    * WUHAN ZHONGJI CONDITIONALLY AGREED TO SELL 60% STAKE IN
ZHONGXIANG CITY ZHONGJI
    * SEES PRE-TAX DISPOSAL GAIN OF APPROXIMATELY HK$5.8 MILLION
ON
DISPOSAL

Further company coverage:  1719.HK 

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