Brief: International Elite To Dispose MZone Network & Sunward Telecom For HK$135 Mln

Goldstream Investment

30/07/2018 16:21

July 30 (Reuters) - International Elite Ltd  1328.HK :
    * CO TO DISPOSE MZONE NETWORK LTD AND SUNWARD TELECOM LTD TO
INDIVIDUAL FOR HK$135 MILLION
    * HONY GOLD HOLDINGS TO PURCHASE 4.61 BILLION SHARES OF CO
    * ENTERED INTO FACILITY AGREEMENT, PURSUANT TO WHICH CO MAY
UTILISE FACILITY OF UP TO HK$215 MILLION
    * HONY GOLD HOLDINGS TO PAY HK$550 MILLION TO EVER PROSPER
AND
OTHER SELLERS
    * NET PROCEEDS TO BE GENERATED FROM DISPOSAL ARE ESTIMATED
TO BE
ABOUT HK$133.0 MILLION
    * CO TO PURCHASE CAPITAL SALE SHARES & SECURITIES SALE
SHARES OF
GOLDSTREAM CAPITAL & GOLDSTREAM SECURITIES FOR HK$270 MILLION

Source text for Eikon:  ID:nHKS3ccmNB 
Further company coverage:  1328.HK 

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