Brief: Man Sang International updates on disposal of interest in unit

Man Sang International

03/02/2016 14:07

Feb 3 (Reuters) - Man Sang International Ltd  0938.HK : 
 * Discloseable and connected transaction in respect of the proposed disposal of 100% interest in a wholly-owned subsidiary  
 * Vendor, a direct wholly-owned subsidiary of the company, the purchaser and Mr. Cheng entered into the agreement 
 * Deal for a consideration of approximately HK$184.6 million 
 * Purchaser has conditionally agreed to purchase the sale interest 
 * Says upon completion, the group will cease to have any interest in the target company group 
 * Says the net proceeds from the disposal of approximately HK$183.0 million 
 * Says "it is estimated that a loss of approximately HK$1.6 million will be recorded" 
 
 * Source text for Eikon  ID:nHKS9wXkv3  
 
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