Brief: Applied Development Holdings says company and purchaser entered disposal agreement

Novautek Technologies

09/11/2015 11:30

Nov 9 (Reuters) - Applied Development Holdings Ltd  0519.HK : 
 * Major and connected transaction in relation to the disposal of the entire issued share capital of Applied enterprises limited and beachside investments limited and assignment of loans  0519.HK  
 * Says company and the purchaser entered into the disposal agreement 
 * Deal for hk$255 million 
 * Intends to apply net proceeds as to hk$50 million for investments in corporate bonds 
 * Pursuant to agreement purchaser has conditionally agreed to purchase, the sale shares and the sale loans 
 * Source text for Eikon  ID:nHKS84C7wL  
 
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