Brief: K Wah International Holdings says entered into sale and purchase agreements
15/01/2016 09:11
Jan 15 (Reuters) - K Wah International Holdings Ltd 0173.HK : * Connected transaction - the sales of property units of the summit 0173.HK * Says vendor entered into the agreements with the purchaser * Says vendor agreed to sell and the purchaser agreed to purchase the property units * Says proceeds generated from the sales will be used as general working capital of the group * Deal for total consideration of RMB11.8 million * Expected that the group will record a gain of not more than RMB2.5 million as a result of the sales * Source text (http://bit.ly/1ZoU3bR) ((For more news, please click here 0173.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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