Brief: Cwt International Announces Disposal Of Interest In PRC Golf Course
13/01/2020 21:48
Jan 14 (Reuters) - CWT International Ltd 0521.HK :
* ANNOUNCES DISPOSAL OF INTEREST IN PRC GOLF COURSE THROUGH
DISPOSAL OF A SUBSIDIARY
* ESTIMATED INDICATIVE NET GAIN ARISING FROM PROPOSED
DISPOSAL
EXPECTED TO BE ABOUT RMB83 MILLION
* CASH PORTION OF CONSIDERATION FOR PROPOSED DISPOSAL IS
HK$180
MILLION
* HILLVIEW HOLDINGS TO ASSUME LIABILITY FOR LOANS OF ABOUT
RMB506
MILLION AS PART OF CONSIDERATION
Source text for Eikon: ID:nHKSkQR7L
Further company coverage: 0521.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on CWT International
See all newsBrief: CWT International Enters Into Third Contract Of Sale For Trading Of Commodities
Hong Kong's CWT International H1 net profit falls on tax credit absence
Brief: CWT International Enters JV Agreement For Property Redevelopment In Singapore
Brief: CWT International Shanghai Futures Exchange And Guangzhou Futures Exchange Grants First Batch Of Overseas Intermediary Futures Broker Status
Brief: CWT International Posts FY Profit HK$406 Million