Brief: Lingbao Gold Group to dispose of 60% equity interest in unit

Lingbao Gold

07/07/2017 13:33

July 7 (Reuters) - Lingbao Gold Group Company Ltd  3330.HK  
    * Major Transaction In Relation To Disposal Of 60 pct Equity 
Interest In A Wholly-owned Subsidiary  
    * Deal of consideration of RMB637.2 million 
    * Company agreed to sell 60 pct equity interest in Lingbao 
Wason 
    * Company and Beijing Zhongxin Zehui Investment entered into 
equity transfer agreement 
    * Group will record a gain before tax on disposal of 
approximately RMB806 million 
 
Source text for Eikon:  ID:nHKS2pJBky  
Further company coverage:  3330.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))