Brief: Chanco International Group updates on disposal of interest

China International Development

12/11/2015 11:05

Nov 12 (Reuters) - Chanco International Group Ltd  0264.HK : 
 * Green parade as vendor, pong as guarantor and the offeror as purchaser entered into the agreement 
 * Green parade agreed to sell sale shares, representing approximately 66.10% of total issued share capital of company 
 * Consideration for the sale shares is hk$458.5 million 
 * Says consideration paid by the offeror was funded by borrowings and zhonghong group's internal resources 
 * Application has been made for resumption of trading with effect from 9:00 a.m. on 13 November 2015 
 * Source text for Eikon  ID:nHKS9Q6RXt  
 
 ((For more news, please click here  0264.HK ))  
 ((Bengaluru Newsroom; +91 80 6749 1130))