Brief: Viva China Announces Sale Of Stake In Li Ning Co By Way Of Placing
18/05/2021 02:20
May 18 (Reuters) - Viva China Holdings Ltd 8032.HK :
* ANNOUNCES TRANSACTION IN RELATION TO SALE OF 2.41% OF
TOTAL
ISSUED SHARE CAPITAL IN LI NING CO BY WAY OF PLACING
* PLACING PRICE WAS DETERMINED AT HK$63.6 PER SALE SHARE
* NET PROCEEDS WILL BE ABOUT HK3,786.9 MILLION
* GROUP SEES GAIN OF ABOUT HK$3,338.8 MILLION FROM PARTIAL
SALES
OF ITS INVESTMENT IN ASSOCIATE
* SEES SIGNIFICANT INCREASE IN GROUP'S PROFIT ATTRIBUTABLE
FOR
H12021
* WILL GET PURCHASERS FOR 60 MILLION LI NING CO SHARES HELD
BY
UNIT
Source text for Eikon: ID:nHKS6KfQJZ
Further company coverage: 8032.HK
((Reuters.Briefs@thomsonreuters.com;))
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