Brief: China Child Care says unit entered into Share Transfer Agreement

Prosperous Future Holdings

05/05/2017 14:21

May 5 (Reuters) - China Child Care Corporation Ltd 
 1259.HK : 
    * Disposal of 45pct equity interest in a subsidiary 
    * Deal for for consideration of RMB100.0 million 
    * Frog Prince (China) to sell sale shares,45 pct equity 
interest in Fujian Herun 
    * Shenzhen Qianhai Wosheng Asset Management Centre to buy 
equity interest in Fujian 
    * Expects that group will record an estimated gain of 
approximately RMB66.4 million on disposal 
    * Following completion, group's interest in Fujian Herun 
will be reduced from 75pct to 30pct 
    * Post-deal, Fujian Herun will cease to be unit of co and 
its financial results will be de-consolidated from consol 
financial statements 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbNlm05 
Further company coverage:  1259.HK  
 
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