Brief: Citychamp Watch & Jewellery Group Co To Sell Sale Shares Of International Volant, Eb Brand, Among Others

Citychamp Watch & Jewellery

16/12/2020 15:01

Dec 16 (Reuters) - Citychamp Watch & Jewellery Group Ltd
 0256.HK :
    * CO TO SELL SALE SHARES OF INTERNATIONAL VOLANT, EB BRAND,
AMONG
OTHERS FOR HK$1.50 BILLION
    * INTENDS TO DECLARE SPECIAL DIVIDEND OF NOT LESS THAN
HK$0.13 PER
SHARE
    * TO SELL SALE LOANS OF EB BRAND, INTERNATIONAL VOLANT,
AMONG
OTHERS, FOR HK$2.03 BILLION
    * GROSS PROCEEDS TO BE RECEIVED BY CO FROM DISPOSAL TO BE
HK$3.53
BILLION
    * SEES PROFIT BEFORE TAX AS A RESULT OF DISPOSAL OF ABOUT
HK$16
MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3qLCHK
Further company coverage:  0256.HK 

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