Brief: Citychamp Watch & Jewellery unit enters into disposal agreement

Citychamp Watch & Jewellery

23/03/2017 22:28

March 24 (Reuters) - Citychamp Watch & Jewellery Group Ltd 
 0256.HK : 
    * EB Investments, Pacific Timber and Bright Merit and 
Shenzhen Kangtian have entered into a disposal agreement 
    * Deal for RMB1.40 billion 
    * Sellers agreed to sell and Shenzhen Kangtian agreed to 
acquire entire equity interests of Seti Timber 
    * Expected that company would recognize unaudited gain on 
disposal of approximately HK$1 billion from disposal 
 
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