Brief: Pokfulam Development updates on disposal of interest in a joint venture

Pokfulam Development

06/03/2017 14:51

March 6 (Reuters) - Pokfulam Development  0225.HK  
    * Vendor (an indirect wholly-owned subsidiary of company) 
entered into agreement with purchaser 
    * Vendor has conditionally agreed to sell sale shares, 
representing one-third of issued shares of joint venture 
    * Deal at aggregate consideration of an amount in hong kong 
dollars equivalent to RMB184.3 million 
    * Company expects to record a net gain from transaction of 
approximately HK$52 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9JTsZR 
Further company coverage:  0225.HK  
 
 ((bangalore.newsroom@thomsonreuters.com;))