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    2608 — Sunshine 100 China Holdings News Story

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    Brief: Sunshine 100 China Holdings Announces Disposal Of 70 Pct Stake In Chongqing Sunshine 100

    Picture of Sunshine 100 China Holdings logoSunshine 100 China Holdings
    02/04/2019 02:02
    April 2 (Reuters) - Sunshine 100 China Holdings Ltd
 2608.HK :
    * ANNOUNCES DISPOSAL OF 70% EQUITY INTEREST IN CHONGQING
SUNSHINE
100
    * ANNOUNCES PROVISION OF FINANCIAL ASSISTANCE TO CHONGQING
SUNSHINE 100
    * UNIT TO SELL  70% EQUITY INTEREST IN CHONGQING SUNSHINE
100FOR A
TOTAL CONSIDERATION OF RMB1.33 BILLION
    * UNIT TO ALSO EXTEND A SHAREHOLDER LOAN OF RMB292.8 MILLION
TO
CHONGQING SUNSHINE 100 REAL ESTATE DEVELOPMENT CO
    * EXPECTED GROUP WILL RECORD A LOSS FROM DISPOSAL OF ABOUT
RMB487.7 MILLION  BEFORE TAX

Source text for Eikon:  ID:nHKS5j3NDq 
Further company coverage:  2608.HK 

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

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