Brief: Future World Financial Proposes To Seek Approval To Dispose Up To 476 Mln CMBC Capital Shares

CMBC Capital Holdings

03/07/2020 13:16

July 3 (Reuters) - Future World Financial Holdings Ltd
 0572.HK :
    * PROPOSES TO SEEK APPROVAL FOR DISPOSAL MANDATE FROM
SHAREHOLDERS
TO DISPOSE OF UP TO 476 MILLION CMBC CAPITAL SHARES
    * PROPOSED SELLING PRICE IS HK$0.130 PER CMBC SHARE
    * WILL USE EXPECTED PROCEEDS FROM DISPOSAL OF UP TO HK$60
MILLION
FOR REPAYMENT OF SECURITIES MARGIN LOANS

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 (Reuters.Briefs@thomsonreuters.com)