Brief: Star Properties Group (Cayman Islands) Announces Disposal Of Rainbow Red Holdings

Star Asia

31/12/2019 14:45

Dec 31 (Reuters) - Star Properties Group (Cayman Islands)
Ltd  1560.HK :
    * UNIT TO SELL 100% OF ISSUED SHARE CAPITAL OF RAINBOW RED
HOLDINGS
    * EXPECTS TO HAVE A GAIN OF ABOUT HK$380 MILLION ON DISPOSAL
    * INVESTMENT CO TO PURCHASE ENTIRE STAKE OF RAINBOW RED AND
SHAREHOLDER'S LOAN AT CONSIDERATION OF HK$980 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbvszDH
Further company coverage:  1560.HK 

 ((Reuters.Briefs@thomsonreuters.com;))