Brief: Digital China Holdings Agrees To Sell Beijing Lizhi Weixin
15/01/2020 14:00
Jan 15 (Reuters) - Digital China Holdings Ltd 0861.HK :
* AGREED TO SELL BEIJING LIZHI WEIXIN
* TOTAL CONSIDERATION FOR DISPOSAL PAYABLE UNDER SPA SHALL
USD
EQUIVALENT OF RMB500 MILLION
* EXPECTED THAT GROUP WILL RECOGNISE A GAIN BEFORE TAX OF
ABOUT
HK$345 MILLION AS RESULT OF DISPOSAL
* ON DISPOSAL, CO TO RETAIN 5.99% EQUITY INTEREST IN DIGITAL
CHINA
HEALTH
Source text for Eikon: ID:nHKS2TmcK0
Further company coverage: 0861.HK
((Reuters.Briefs@thomsonreuters.com;))
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