Brief: Southern Packaging announces proposed disposal of 35.0% of Foshan Energetic Film Co

Southern Packaging

22/03/2016 10:25

March 22 (Reuters) - Southern Packaging Group Ltd  SOUT.SI : 
 * The proposed disposal of 35.0% of Foshan Energetic Film Co., Ltd.)  SOUT.SI  
 * Says deal for a purchase consideration of RMB7.9 million 
 * Says group intends to utilise the proceeds as general working capital for  ongoing operational expenses 
 * Entered into a conditional sale and purchase agreement, for sale and disposal by vendor of 35.0% of registered and paid-up capital of Foshan Energetic Film Co 
 
 * Source text for Eikon  ID:nSNZ7tGF2J  
 
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