Brief: SinoCloud updates on disposal of subsidiary
24/12/2015 07:56
Dec 24 (Reuters) - SinoCloud Group Ltd SINL.SI : * Disposal of subsidiary - sale and purchase deed * Deal for aggregate consideration of hk$3.5 million * Says expected to record a loss of approximately hk$0.54 million in respect of the disposal * Sale consideration shall be satisfied entirely in cash * Estimated net proceeds from disposal will be approximately hk$3.0 million * Sinocloud group-group is expected to record a loss of approximately hk$0.54 million in respect of the disposal Source text for Eikon ID:nSNZ2H9sXx ((For more news, please click here SINL.SI )) ((Bengaluru Newsroom; +91 806749 1130))
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