Brief: Tempus Holdings To Dispose Of Entire Equity Interests In KK II (BVI) To Talent Realty

Tempus Holdings

29/05/2019 15:56

May 29 (Reuters) - Tempus Holdings Ltd  6880.HK :
    * ANNOUNCES DISPOSAL OF ENTIRE EQUITY INTERESTS IN KK II
(BVI)
LIMITED FOR HK$122.3 MILLION TO  TALENT REALTY LIMITED
    * GROUP IS EXPECTED TO SUSTAIN A LOSS ON DISPOSAL OF ABOUT
HK$17.6
MILLION AFTER DEDUCTION OF RELATED EXPENSES
    * HK$93.1 MILLION OF THE TOTAL NET PROCEEDS WILL BE USED FOR
REPAYMENT OF BANK LOANS
    * DISPOSAL ESTIMATED TO BRING NET CASH INFLOW OF ABOUT
HK$28.7
MILLION TO GROUP AFTER DEDUCTING REPAYMENT OF LOANS RELATED TO
PROPERTY

Source text for Eikon:  ID:nHKS49qP7G 
Further company coverage:  6880.HK 

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