Brief: Gemini Investments announces disposal of entire issued share capital of Chance Bright Ltd
19/05/2016 12:48
May 19 (Reuters) - Gemini Investments Holdings Ltd 0174.HK : * Very substantial disposal in relation to the proposed disposal of the entire issued share capital of Chance Bright Limited and assignment of the shareholder's loan extended to Chance Bright Limited 0174.HK * Company entered into the agreement * Deal for a total consideration of RMB970.0 million * Says net proceeds from the disposal are estimated to be approximately hk$1.15 billion * Under agreement, company has conditionally agreed to sell sale share and shareholder's loan * Source text for Eikon urn:newsml:reuters.com:*:nHKS30G1jX ((For more news, please click here 0174.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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