Brief: MIE Holdings Corp updates on disposal of Asia Gas & Energy Ltd
27/04/2016 24:46
April 27 (Reuters) - MIE Holdings Corp 1555.HK : * Major transaction in relation to the disposal of the entire issued share capital of Asia gas & energy ltd 1555.HK * Company and the purchaser entered into the agreement * Deal for at a total consideration of the sum of US$220 million * Company agreed to sell and the purchaser agreed to purchase the sale shares * Group is expected to record an unaudited gain of approximately US$50.8 million from the disposal * Disposal will attribute potential gains of RMB330.3 million to the group upon completion * Disposal is not expected to have any material impact on the group's financial following completion * Source text for Eikon ID:nHKS2FJtGL ((For more news, please click here 1555.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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