Brief: Kiddieland International Announces Disposal Of Interest In Dongguan Kiddieland Industrial

Kiddieland International

05/08/2019 13:59

Aug 5 (Reuters) - Kiddieland International Ltd  3830.HK :
    * ANNOUNCES DISPOSAL OF 100% EQUITY INTEREST IN DONGGUAN
KIDDIELAND INDUSTRIAL CO
    * UNIT TO SELL 100% EQUITY INTEREST IN DONGGUAN KIDDIELAND
INDUSTRIAL CO FOR RMB320 MILLION TO  DONGGUAN SHENGTUO
INVESTMENT CO
    * EXPECTED THAT NET PROCEEDS FROM DISPOSAL WILL AMOUNT TO
APPROXIMATELY HK$270 MILLION
    * PROPOSED THAT PART OF NET PROCEEDS FROM DISPOSAL BE
DISTRIBUTED
TO SHAREHOLDERS AS  SPECIAL CASH DIVIDEND
    * GROUP EXPECTS TO RECOGNIZE AN ESTIMATED NET GAIN OF ABOUT
HK$180
MILLION FROM DISPOSAL

Source text for Eikon:  ID:nHKS3SkZZp 
Further company coverage:  3830.HK 

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