Brief: Lai Sun Garment International Announces Disposal Of Stake In Entity Owning AIA Central

Lai Sun Development

08/04/2024 15:44

April 8 (Reuters) - Lai Sun Garment International Ltd
 0191.HK :
    * DISPOSAL OF EQUITY INTEREST IN ENTITY OWNING AIA CENTRAL
    * DISPOSAL FOR INITIAL CONSIDERATION OF HK$1.42 BILLION
    * UNIT ENTERED INTO SALE AND PURCHASE AGREEMENT WITH GRAND
DESIGN
DEVELOPMENT
    * PEAKFLOW PROFITS LTD TO SELL 10% STAKE IN BAYSHORE
DEVELOPMENT
TO GRAND DESIGN DEVELOPMENT
    * EACH OF LSG GROUP, LSD GROUP EXPECTED TO RECORD LOSS ON
DISPOSAL
OF ABOUT HK$154.6 MILLION

Further company coverage:  0191.HK 

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