Brief: Lippo China Resources Announces Disposal Of Subsidiaries

Lippo China Resources

21/12/2018 12:57

Dec 21 (Reuters) - Lippo China Resources Ltd  0156.HK :
    * ANNOUNCES DISPOSAL OF SUBSIDIARIES
    * DEAL FOR TOTAL INITIAL CONSIDERATION OF ABOUT S$218.4
MILLION
    * DISPOSAL IS EXPECTED TO GIVE RISE TO A NON-RECURRING GAIN
ATTRIBUTABLE TO LCR GROUP OF ABOUT HK$344 MILLION
    * MADE BY LIPPO AND LCR FOR RESUMPTION OF TRADING IN SHARES
ON
STOCK EXCHANGE WITH EFFECT FROM 9:00 A.M. ON DEC 24

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbzvKP8
Further company coverage:  0156.HK 

 (Reuters.Briefs@thomsonreuters.com)