Brief: Mason Financial Holdings says unit enters disposal agreement

Mason group

06/11/2016 22:15

Nov 7 (Reuters) - Mason Financial Holdings Ltd  0273.HK  
    * Deal for a cash consideration of hk$200 million 
    * Vendor (a wholly-owned subsidiary of company), and 
purchaser entered into disposal agreement 
    * Disposal is expected to accrue a loss of approximately 
hk$48 million 
    * Net proceeds from disposal will be approximately hk$200 
million 
    * Proceeds will be reallocated to finance group's 
investments in money lending business 
    * Vendor willie resources incorporated to sell 55 ordinary 
shares in capital of target co to purchaser best mate ltd 
 
Source text for Eikon:  ID:nHKS2700Nn  
Further company coverage:  0273.HK  
 
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