Brief: Orient Victory Travel Group Co Proposes Disposal Of 49% Stake In China Comfort Travel Group Co

Gangyu Smart Urban Services Holding

26/03/2020 13:01

March 26 (Reuters) - Orient Victory Travel Group Company Ltd
 0265.HK :
    * PROPOSES DISPOSAL OF 49% STAKE IN CHINA COMFORT TRAVEL
GROUP CO
    * DEAL FOR RMB320 MILLION
    * ESTIMATES TO RECORD AN INVESTMENT GAIN OF NOT LESS THAN
HK$8
MILLION POST DISPOSAL
    * POST DISPOSAL, CHINA COMFORT TRAVEL GROUP WILL BE OWNED AS
TO
51% BY BEIJING TOURISM GROUP

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8TjqkL
Further company coverage:  0265.HK 

 ((Reuters.Briefs@thomsonreuters.com;))