Brief: Strong Petrochemical updates on disposal of Strong Petrochemical Asia company Ltd

Strong Petrochemical Holdings

11/03/2016 13:54

March 11 (Reuters) - Strong Petrochemical Holdings Ltd  0852.HK : 
 * Discloseable transaction regarding disposal of the entire share capital of 
   Strong Petrochemical Asia) company limited  0852.HK  
 * Says alpha creation has agreed to acquire the sale share at a consideration 
   of approximately US$20.3 million 
 * Says expected to recognise a gain of approximately hk$162.9 million 
 * Strait petrochemical and alpha creation, an independent third party, entered 
   into the sale and purchase agreement 
 
 * Source text for Eikon  ID:nHKS6xgTqD  
 
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