Brief: RM Group updates on transaction concerning disposal of subsidiaries

Shunten International (Holdings)

22/11/2016 14:29

Nov 22 (Reuters) - RM Group Holdings Ltd  0932.HK  
    * Discloseable Transaction Concerning Disposal Of 
Subsidiaries  
    * Purchaser and vendor, an indirect wholly-owned subsidiary 
of company, entered into sale and purchase agreement 
    * Deal at an aggregate consideration of hk$4.5 million 
    * Unit has conditionally agreed to dispose of sale shares, 
representing 40% of issued share capital of target co, a unit of 
co 
    * Group expects to recognize a gain of approximately 
hk$654,000 from disposal as at 30 september 2016 
    * Group expects to recognize a gain of approximately 
hk$787,000 from disposal upon completion of corporate 
reorganization 
 
Source text for Eikon:  ID:nHKSbk2z6M  
Further company coverage:  0932.HK  
 
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