Brief: Harbin bank and Keenstar Holding entered into equity transfer contract

Harbin Bank Co

28/10/2016 15:51

Oct 28 (Reuters) - Harbin Bank Co Ltd  6138.HK - 
    * Bank and Keenstar Holding entered into equity transfer 
contract 
    * Deal for consideration of RMB1.52 billion 
    * Estimated by bank that transaction will bring along an 
investment gain before tax of approximately RMB441 million 
    * Pursuant to agreement bank agreed to sell and Keenstar 
Holding agreed to purchase 16% interest in total held by bank in 
Guangdong Huaxing Bank 
    * Net disposal proceeds after deducting relevant costs and 
expenses in connection with transaction RMB1.16 billion 
 
Source text for Eikon:  ID:nHKSbKcY30  
Further company coverage:  6138.HK  
 
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