Brief: Sinosoft Technology Group Says Unit To Transfer Entire Stake In Nanjing Skytech QST

Sinosoft Technology

30/09/2020 13:52

Sept 30 (Reuters) - Sinosoft Technology Group Ltd  1297.HK :
    * UNIT TO TRANSFER ENTIRE STAKE IN NANJING SKYTECH QST,
45.0045%
STAKE IN JIANGSU SKYTECH ZUMOO
    * UNIT TO ALSO TRANSFER PARTIAL ASSETS RELEVANT TO EXPORT
ENTERPRISE CLOUD-BASED SOFTWARE & SERVICES
    * TRANSFER AT CONSIDERATION OF RMB526 MILLION
    * EXPECTS GROUP WILL RECORD A GAIN OF ABOUT RMB377 MILLION
AS A
RESULT OF EQUITY TRANSFER

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