Brief: Pioneer Global says unit entered into sale and purchase agreement
28/12/2016 09:41
Dec 28 (Reuters) - Pioneer Global Group Ltd 0224.HK :
* Unit entered into sale and purchase agreement with
purchaser
* Application has been made to stock exchange for resumption
of trading of shares of company with effect from 9:00 a.m. On
thursday, Dec 29
* Purchaser being Famous Spirit and vendor being Pine
International Limited
* Deal for consideration of approximately HK$760.0 million.
* Shall record total fair value increase and capital gain of
about HK$470.2 million from disposal
Source text for Eikon: ID:nHKS5jCwdN
Further company coverage: 0224.HK
((Bangalore.newsroom@thomsonreuters.com;))
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