Brief: China Automobile New Retail Announces Disposal Agreement
28/05/2020 16:02
May 28 (Reuters) - China Automobile New Retail (Holdings)
Ltd 0526.HK :
* TO SELL MAGICIAN INVESTMENTS, MAGICIAN STRATEGIC AND
WEALTHY
HONOR HOLDINGS
* DEAL FOR RMB1,250 MILLION
* UNAUDITED GAIN EXPETED FROM DISPOSAL ABOUT RMB32 MILLION
* ESTIMATED NET PROCEEDS FROM DISPOSAL IS ABOUT RMB1,200
MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS9xVVP4
Further company coverage: 0526.HK
((Reuters.Briefs@thomsonreuters.com;))
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