Brief: Future World Financial Proposes To Seek Approval To Dispose Up To 476 Mln CMBC Capital Shares
03/07/2020 13:16
July 3 (Reuters) - Future World Financial Holdings Ltd
0572.HK :
* PROPOSES TO SEEK APPROVAL FOR DISPOSAL MANDATE FROM
SHAREHOLDERS
TO DISPOSE OF UP TO 476 MILLION CMBC CAPITAL SHARES
* PROPOSED SELLING PRICE IS HK$0.130 PER CMBC SHARE
* WILL USE EXPECTED PROCEEDS FROM DISPOSAL OF UP TO HK$60
MILLION
FOR REPAYMENT OF SECURITIES MARGIN LOANS
Source text for Eikon: urn:newsml:reuters.com:*:nHKSbThyJf
Further company coverage: 0572.HK
(Reuters.Briefs@thomsonreuters.com)
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