Brief: G-Resources Group announces disposal of interest in Martabe mine and other companies
22/11/2015 22:46
Nov 23 (Reuters) - G-Resources Group Ltd 1051.HK : * Very substantial disposal; disposal of interest in the martabe mine and other companies; resumption of trading 1051.HK * 3 November 2015, G Resources-seller, Top Gala, ARS, Buyer, Subco and Topco entered into sale and purchase agreement * Amount of about US$94.2 million being Finco loan minus retained Finco loan will be assigned by G Resources-to buyer * Disposal with an estimated gain of approximately US$36 million * Initial purchase price consists of finco shares consideration of $307 million, finco loan consideration $94.2 million and co purchase price $373.8 million * Source text for Eikon ID:nHKS6gpFbd ((For more news, please click here 1051.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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