Brief: Top Spring International Announces Disposal Of 50% Shareholding In Two Subsidiaries

Top Spring International Holdings

05/05/2021 16:16

May 5 (Reuters) - Top Spring International Holdings Ltd
 3688.HK :
    * UNIT TO SELL 50% STAKE IN GREAT BILLION AND ASSIGN GREAT
BILLION
SALE LOAN FOR CONSIDERATION OF HK$265 MILLION TO LEADING MODEL
    * UNIT TO SELL 50% OF WEALTH CHANNEL SHAREHOLDER'S LOAN AND
50% OF
OF WEALTH CHANNEL SHARES FOR HK$50 MILLION TO MASTER BEST
    * UPON DISPOSALS, CO TO RECORD POTENTIAL GAIN BEFORE TAX OF
ABOUT
HK$281.4 MILLION
    * EXPECTS CO TO PROVIDE FINANCIAL ASSISTANCE OF NOT MORE
THAN
HK$1,640 MILLION TO GREAT BILLION & WEALTH CHANNEL

Source text for Eikon:  ID:nHKS42qnjQ 
Further company coverage:  3688.HK 

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