Brief: First Credit updates on disposal of subsidiary

First Credit Finance

29/11/2016 14:19

Nov 29 (Reuters) - First Credit-discloseable Transaction: 
Disposal Of Subsidiary  8215.HK  
    *  
    * First credit finance group- vendor, a wholly-owned 
subsidiary of co, purchaser, purchaser's guarantor and agent 
entered into provisional sp agreement 
    * Group expects to record a gain on disposal of 
approximately hk$4 million 
    * Purchaser has agreed to purchase, sale share, and sale 
loan at an aggregate consideration of hk$91 million 
    * Intends to utilise proceeds from disposal for further 
development of group's money lending business 
 
Source text for Eikon:  ID:nHKS1HhRXC  
Further company coverage:  8215.HK  
 
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