Brief: Kai Yuan Announces Sale Of Entire Stake In Leading Prospect & Assignment Of Shareholder's Loan

Kai Yuan Holdings

19/04/2018 14:26

April 19 (Reuters) - Kai Yuan Holdings Ltd  1215.HK :
    * ANNOUNCES DISPOSAL OF ENTIRE ISSUED SHARE CAPITAL OF
LEADING
PROSPECT LIMITED AND ASSIGNMENT OF SHAREHOLDER'S LOAN
    * TO SELL TO ENTIRE STAKE IN  LEADING PROSPECT &  SALE LOAN
TO 
RIDGE AVIS LIMITED FOR HK$810 MILLION
    * KAI YUAN HOLDINGS- APPLICATION HAS BEEN MADE TO STOCK
EXCHANGE
FOR RESUMPTION OF TRADING IN SHARES ON STOCK EXCHANGE FROM 9:00
A.M. ON 20 APRIL
    * GROUP EXPECTS TO RECORD AN ESTIMATED UNAUDITED CAPITAL
GAIN OF
HK$336.7 MILLION FROM DISPOSAL

Source text for Eikon:  ID:nHKS6qWxVJ 
Further company coverage:  1215.HK 

 ((Reuters.Briefs@thomsonreuters.com;))