Brief: Royal China International enters into agreement relating to sale and purchase of membership.

Hope Life International Holdings

09/05/2017 15:15

May 9 (Reuters) - Royal China International Holdings Limited 
 1683.HK  
    * Vendor and purchaser entered into agreement relating to 
sale and purchase of membership. 
    * Consideration of HK$10 million shall be paid in cash by 
purchaser 
    * Parties are Asian Pacific Capital Company Limited as 
vendor and Right Power Ventures Limited as purchaser 
    * Board has decided to explore business opportunities in 
aviation and traveling business and financing services 
    * Group has negotiated with certain potential customers for 
business jet management and aircraft leasing 
    * It is expected that uncertainty in hong kong property 
development industry is detrimental to demand for group's 
services from property developers 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5kRKTY 
Further company coverage:  1683.HK  
 
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