Brief: Newtree Group says units entered into disposal agreement

Huasheng International Holding

08/05/2017 24:37

May 8 (Reuters) - Newtree Group Holdings Ltd  1323.HK  
    * On 5 may, vendors, which are units of co, co as vendors' 
guarantor, and purchasers entered into disposal agreement 
    * Deal at total consideration of HK$85 million 
    * Group will record a gain of approximately HK$60 million as 
a result of disposal 
    * Says  maximum liability of company under disposal 
agreement shall not exceed HK$6 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5f6RSL 
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