Brief: Village Roadshow announce sale of stake in Golden Village Singapore

MM2 Asia

13/06/2017 10:26

June 13 (Reuters) - Village Roadshow Ltd  VRL.AX  
    * Sale of VRL's stake will not affect operations of business 
    * Sale of stake in golden village singapore 
    * Proceeds of sale will initially be used to reduce VRL's 
debt levels 
    * Net proceeds after tax and transactions costs to VRL are 
anticipated to be approximately A$175 million to be recorded as 
material item in fy17 or fy18 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nASX1GLV3H 
Further company coverage:  VRL.AX  
 
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