Brief: Grand Ocean Advanced Resources Co says entered into disposal agreement with Lin Jianmin

Grand Ocean Advanced Resources

27/10/2016 16:00

Oct 27 (Reuters) -    Grand Ocean Advanced Resources Co Ltd 
 0065.HK : 
    * Company as vendor entered into disposal agreement with 
purchaser 
    * Company conditionally agreed to sell and purchaser 
conditionally agreed to purchase sale share 
    * Agreement valued at hk$22.8 million 
    * Expected that net proceeds from disposal of hk$22.7 
million 
    * Expected that net proceeds from disposal  will be used for 
repayment of group's outstanding borrowings 
    * Group is expected to incur a gain on disposal of 
approximately hk$59.4 million 
    * Lin Jianmin being purchaser 
 
 
     
     
    Source text for Eikon:  ID:nHKS7yhb10  
    Further company coverage:  0065.HK  
 
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