Brief: Ming Fai International's unit enters sale and purchase agreement
29/08/2016 23:09
Aug 30 (Reuters) - Ming Fai International Holdings Ltd 3828.HK : * Intl-major transaction - disposal of a subsidiary 3828.HK * Vendor, an indirect wholly-owned subsidiary of the company, entered into the sale and purchase agreement with the purchaser * Deal for consideration of HK$263mln in cash * Says disposal is expected to realize a net gain of approximately HK$10.6 million for the group * Source text for Eikon urn:newsml:reuters.com:*:nHKS2FQCCm ((Further company coverage: 3828.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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