Brief: Transmit Entertainment's Unit To Dispose Shengma Cultural Communication (Shanghai) For RMB40.7 Mln

Transmit Entertainment

08/05/2018 15:34

May 8 (Reuters) - Transmit Entertainment Ltd  1326.HK :
    * UNIT TO SELL ENTIRE STAKE IN  SHENGMA CULTURAL
COMMUNICATION
(SHANGHAI) CO LTD FOR RMB40.7 MILLION TO CHEN SHUO-GANG & LIU
JUAN
    * BASED ON INITIAL CONSIDERATION, FINANCIAL POSITION OF
TARGET CO
AS AT DEC 2017, CO EXPECTS NET GAIN OF HK$16.5 MILLION ON
DISPOSAL

Source text for Eikon:  ID:nHKS4H5wg8 
Further company coverage:  1326.HK 

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