Brief: Applied Development Holdings Announces Disposal Of Shares In Redsun Properties
15/08/2019 12:39
Aug 15 (Reuters) - Applied Development Holdings Ltd
0519.HK :
* ANNOUNCES DISPOSAL OF SHARES IN REDSUN PROPERTIES FOR
HK$101.8
MILLION
* UNIT ENTERED AGREEMENT WITH FORTUNE ELITE FOR DISPOSAL OF
1.11%
OF REDSUN PROPERTIES SHARES
* EXPECTS GAIN OF HK$17.39 MILLION IF SHARES ARE DISPOSED AT
MAXIMUM PRICE OF HK$2.75 WITHIN RANGE
Source text for Eikon: urn:newsml:reuters.com:*:nHKSMWSdL
Further company coverage: 0519.HK
((Reuters.Briefs@thomsonreuters.com;))
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