Brief: China Star Entertainment's unit enters HK$2 bln sale and purchase agreement

China Star Entertainment

16/10/2017 13:41

Oct 16 (Reuters) - China Star Entertainment Ltd  0326.HK  
    * On 10 Oct, unit entered into SP agreement to sell sale 
shares, shareholder loans for HK$2 billion with Chan Meng Kam 
    * Expected that group will record estimated gain on disposal 
of about HK$648.0 million as a result of disposal 
    * Net proceeds from disposal about HK$1,298 million 
    * Application has been made to stock exchange for resumption 
of trading in shares on 17 October 2017 
    * Sale and purchase agreement regarding target group which 
owns hotel Lan Kwai Fong Macau and 18 residential units in Macau 
 
Source text for Eikon:  ID:nHKS27qcwP  
Further company coverage:  0326.HK  
 
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