Brief: Wang On Properties Says Guidepost Investments Entered Agreement With Wop And East Run

Wang On Properties

07/02/2018 13:58

Feb 7 (Reuters) - Wang On Properties Ltd  1243.HK : 
    * GUIDEPOST INVESTMENTS ENTERED AGREEMENT WITH WOP AND EAST 
RUN 
FOR SALE OF ENTIRE STAKE IN TARGET COS FOR HK$350 MILLION 
    * NET PROCEEDS TO WOP FROM TRANSACTION IS ESTIMATED TO BE 
ABOUT 
HK$192.1 MILLION 
    * EXPECTS TO RECORD A LOSS ON DISPOSAL OF ABOUT HK$73.7 
MILLION 
    * CONSIDERATION OF HK$350 MILLION TO BE PAID IN CASH 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1wzlSj 
Further company coverage:  1243.HK  
 
 (bangalore.newsroom@thomsonreuters.com)