Brief: Ka shui international holdings says its unit has entered into equity transfer agreement

Ka Shui International Holdings

24/10/2016 15:53

Oct 24 (Reuters) - Ka Shui International Holdings Ltd 
 0822.HK - 
    * Vendor, a wholly-owned subsidiary of company, has entered 
into equity transfer agreement with purchaser 
    * Purchaser has conditionally agreed to acquire, equity 
interest 
    * Total consideration of disposal is HK$290.0 million 
    * Expected that company will have an amount of net proceeds 
of approximately HK$146.4 million 
    * Group will record from disposal an unaudited gain before 
taxation of approximately HK$94.8 million 
 
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