Brief: Symphony Holdings Says On 6 May, Co Agreed To Sell Assets Relating To "Pony" Brand To Luxembourg Pony Holdings S.À R.L.
10/05/2022 02:27
May 10 (Reuters) - Symphony Holdings Ltd 1223.HK :
* ON 6 MAY, COMPANY AGREED TO SELL ASSETS RELATING TO "PONY"
BRAND
TO LUXEMBOURG PONY HOLDINGS S.À R.L.
* CO TO SELL ASSETS RELATED TO "PONY" BRAND CARRIED ON IN
APAC TO
SYM-ICON HOLDINGS
* TOTAL CONSIDERATION FOR DISPOSALS IS US$28 MILLION
* CO AND WISDOM CLASS INTERNATIONAL ENTERED INTO
SHAREHOLDERS'
AGREEMENT FOR FORMATION OF JV CO
* JV FOR OPERATING "PONY" BRAND IN APAC REGION
* NET PROCEEDS FROM DISPOSALS ARE EXPECTED TO BE $27 MILLION
Source text for Eikon: ID:nHKS5ZGJ1G
Further company coverage: 1223.HK
((Reuters.Briefs@thomsonreuters.com;))
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