Brief: Cosmopolitan International Says H.P. Nominees And Unit Of Co Entered Into Regal Shares Agreement

Cosmopolitan International Holdings

27/04/2021 16:12

April 27 (Reuters) - Cosmopolitan International Holdings Ltd
 0120.HK :
    * H.P. NOMINEES AND UNIT OF CO  ENTERED INTO REGAL SHARES
AGREEMENT
    * HPNL TO ACQUIRE FROM CO'S UNIT 2.60% STAKE IN REGAL HOTELS
INTERNATIONAL FOR HK$107.7 MILLION
    * SEES A GAIN ON DISPOSAL OF ABOUT HK$44.0 MILLION
    * UNIT OF REGAL TO BUY 10.2 MILLION REGAL REIT UNITS AT A
CASH
CONSIDERATION OF ABOUT HK$19.2 MILLION FROM UNIT OF CO
    * SEES GAIN ON DISPOSAL FROM REGAL REIT UNITS TRANSFER OF
ABOUT
HK$5.4 MILLION

Source text for Eikon:  ID:nHKS8cQHfX 
Further company coverage:  0120.HK 

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