Brief: Cathay Says Lansen Disposes 1.7 Mln Shares In Zheijang Starry At Rmb 29.66/Shares

Lansen Pharmaceutical Holdings

10/09/2019 15:13

Sept 10 (Reuters) - Cathay International Holdings Ltd
 CTI.L :
    * CATHAY INTL HLDGS  - DISPOSAL OF STARRY SHARES
    * CATHAY INTERNATIONAL - LANSEN DISPOSED ON-MARKET OF 1.7
MILLION
SHARES IN ZHEIJANG STARRY PHARMACEUTICAL FROM 2 SEPT TO 10 SEPT
AT RMB 29.66/STARRY SHARES
    * CATHAY INTERNATIONAL HOLDINGS LTD - GROSS SALE PROCEEDS OF
DISPOSAL WERE APPROXIMATELY RMB49.77 MILLION
    * CATHAY INTERNATIONAL  - LANSEN IS EXPECTED TO RECOGNISE A
NET
GAIN OF APPROXIMATELY USD 4.36 MILLION, OF WHICH USD 2.30
MILLION IS ATTRIBUTABLE TO CATHAY

Source text for Eikon:  ID:nRSJ8659La 
Further company coverage:  CTI.L 

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