Brief: Royale Furniture's Unit To Sell Stake In Huang Chao Haerbin Investment To Wantai Holdings

Royale Home Holdings

31/07/2018 15:54

July 31 (Reuters) - Royale Furniture Holdings Ltd  1198.HK :
    * UNIT TO SELL TO WANTAI HOLDINGS LTD 10,000 SHARES OF HUANG
CHAO
HAERBIN INVESTMENT CO AND DEBT OWED TO UNIT FOR HK$42.1 MILLION
    * WANTAI HOLDINGS LTD TO PURCHASE DEBT OWING TO UNIT BY
HAERBIN
HUANG CHAO AT CONSIDERATION OF RMB93.7 MILLION
    * GROUP EXPECTS TO RECOGNISE A GAIN OF HK$0.33 MILLION IN
RELATION
TO DISPOSAL AND ASSIGNMENTS

Source text for Eikon:  ID:nHKSbPfT5y 
Further company coverage:  1198.HK 

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