Brief: Tungtex Holdings To Sell Entire Issued Share Capital Of SYO

Tungtex Holdings Co

02/04/2020 14:43

April 2 (Reuters) - Tungtex Holdings Co Ltd  0518.HK :
    * TUNGTEX HOLDINGS CO LTD- APPLICATION MADE TO STOCK
EXCHANGE FOR
RESUMPTION OF TRADING IN SHARES WITH EFFECT FROM 9 A.M ON 3
APRIL
    * TUNGTEX HOLDINGS CO - CO TO SELL SALE SHARES REPRESENTING
ENTIRE
ISSUED SHARE CAPITAL OF SYO
    * TUNGTEX HOLDINGS CO - GROSS PROCEEDS FROM DISPOSAL IS
RMB276.0
MILLION
    * TUNGTEX HOLDINGS-CONSIDERATION FOR SALE SHARES IS ABOUT
HK$172.8
MILLION
    * TUNGTEX HOLDINGS CO - CONSIDERATION FOR SALE LOAN IS ITS
FACE
VALUE AT COMPLETION, ABOUT HK$131.0 MILLION
    * TUNGTEX HOLDINGS-EXPECTS UNAUDITED GAIN BEFORE TAX AS A
RESULT
OF DISPOSAL OF ABOUT HK$290.5 MILLION
    * TUNGTEX HOLDINGS - TO SELL ENTIRE ISSUED SHARE CAPITAL OF
SYO
AND SALE LOAN TO PIONEER FORTRESS LTD

Source text for Eikon:  ID:nHKS92Tdmp 
Further company coverage:  0518.HK 

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