Brief: Prosperous Future Says Unit To Sell Frog Prince (Fujian) Baby & Child Care Products
19/05/2020 16:21
May 19 (Reuters) - Prosperous Future Holdings Ltd 1259.HK :
* UNIT TO SELL ENTIRE REGISTERED CAPITAL OF FROG PRINCE
(FUJIAN)
BABY & CHILD CARE PRODUCTS
* UNDER AGREEMENT, CONSIDERATION TO BE FULLY OFFSET AGAINST
OUTSTANDING LOAN OWED BY UNIT
* DEAL FOR RMB50 MILLION
* EXPECTS GROUP TO RECORD UNAUDITED GAIN BEFORE TAXATION &
TRANSACTION COST ON DISPOSAL OF ABOUT RMB15.9 MILLION
Source text for Eikon: ID:nHKS7HV4v8
Further company coverage: 1259.HK
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