Brief: Socam Development Announces Disposal Of 58% Of Issued Ordinary Shares Of Great Market Ltd
14/05/2019 16:09
May 14 (Reuters) - Socam Development Ltd 0983.HK :
* ANNOUNCES DISPOSAL OF 58% OF ISSUED ORDINARY SHARES OF
GREAT
MARKET LIMITED
* DEAL FOR RMB147.85 MILLION
* AFTER DISPOSAL, UNIT, PACIFIC WISE ENTERPRISES & GREAT
MARKET
WILL ENTER INTO SHAREHOLDERS DEAL IN RESPECT OF JV ARRANGEMENT
* SHUI ON BUILDING MATERIALS'S MAXIMUM COMMITMENT TO PROVIDE
ANY
SHAREHOLDER'S LOAN UNDER SHAREHOLDERS DEAL IS RMB 30 MILLION
Source text for Eikon: ID:nHKS5GXCrn
Further company coverage: 0983.HK
((Reuters.Briefs@thomsonreuters.com;))
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