Brief: Continental Holdings Says Unit To Sell 50% Of Wealth Plus

Continental Holdings

24/01/2018 14:51

Jan 24 (Reuters) - Continental Holdings Ltd  0513.HK : 
    * APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF 
TRADING IN 
SHARES OF CO ON STOCK EXCHANGE FROM 9:00 A.M. ON 25 JAN 
    * UNIT TO SELL 50 PCT OF ISSUED SHARES OF WEALTH PLUS AND 50 
PCT 
OF SHAREHOLDER LOANS OWING BY WEALTH PLUS 
    * CONSIDERATION FOR DEAL IS EXPECTED TO BE ABOUT HK$1,308 
MILLION 
    * GROUP EXPECTS TO RECORD GAIN FROM DISPOSAL (BEFORE TAX AND 
EXPENSES) OF ABOUT HK$439 MILLION 
    * CONSIDERATION SHALL BE SETTLED IN CASH 
 
Source text for Eikon:  ID:nHKS4fLd5X  
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