Brief: Future Data Group Updates On Disposals Of Properties In Korea

Future Data

08/12/2020 15:04

Dec 8 (Reuters) - Future Data Group Ltd  8229.HK :
    * UNIT TO TRANSFER ALL OF ITS RIGHTS & OBLIGATIONS UNDER
RELEVANT
AGREEMENTS IN RESPECT OF SOME PROPERTIES IN KOREA
    * UNIT TO DISPOSE PROPERTIES TO LEEHAN FOR KRW474 MILLION
    * UNIT TO TRANSFER ALL OF ITS RIGHTS AND OBLIGATIONS OF SOME
PROPERTIES IN KOREA TO I-CLOUD
    * UNIT TO DISPOSE PROPERTIES TO I-CLOUD FOR KRW 461.6
MILLION
    * WILL CONTINUE TO DISPOSE REMAINING PROPERTIES, BUT MAY NOT
MAKE
ANY PROFIT, SO AS TO FURTHER IMPROVE ITS LIQUIDITY
    * NET PROCEEDS FROM DISPOSALS TO BE USED FOR REPAYMENT OF
BANK
LOANS IN KOREA

Source ( https://bit.ly/2VU9L6o)
Further company coverage:  8229.HK 

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