Brief: IOne Holdings updates on proposed disposal of entire interests in Richroad Group Ltd

Huafa Property Services Co

18/08/2016 14:50

Aug 18 (Reuters) - iOne Holdings Ltd  0982.HK : 
 * Voluntary announcement proposed disposal of the entire interests in Richroad Group Limited  0982.HK  
 * Company is now negotiating with the potential buyer 
 * Says the company has not entered into any legally-binding formal agreement in relation to the proposed disposal 
 * Negotiation in relation to the disposal of the entire interests in Richroad Group limited held by wholly-owned subsidiary of company 
 * Says the purpose of the proposed disposal is to improve the utilization  efficiency of the group's assets 
 
 * Source text for Eikon  ID:nHKS8LCr8Q  
 
 * ((Further company coverage:  0982.HK )) 
   ((Bangalore.newsroom@thomsonreuters.com))