Brief: ITC Properties enters into agreement to purchase tranche interest

ITC Neocloud

16/12/2015 08:26

Dec 16 (Reuters) - ITC Properties Group Ltd  0199.HK : 
 * Vendor has issued a written notice to the purchaser 
 * Deal for consideration of HK$112.5 million 
 * Notice exercising the put option to require the purchaser to purchase the 
   tranche B interest 
 * Says expected to record a gain before taxes and expenses of approximately 
   HK$21.3 million 
 * Proceeds to be used for other property and hotel development projects being 
   undertaken by the group 
 * Source text for Eikon  ID:nHKSbwvq6r  
 
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