Brief: Winfull Group says unit enters provisional spa with Multi Fun Ltd

Winfull group

04/04/2017 12:14

April 4 (Reuters) - Winfull Group Holdings Ltd  0183.HK  
    * Unit and apex step as vendors, and purchaser and 
purchaser's sole shareholder and directors as guarantors entered 
into provisional spa 
    * Net proceeds from disposal shared by group will be 
approximately hk$172 million 
    * Disposal is expected to recognise a gain before tax of 
approximately hk$90 million to group 
    * Deal for cash consideration of hk$1.30 billion 
    * Multi Fun Ltd has agreed to purchase entire issued share 
capital and all outstanding shareholders' loan of apex plan 
    * Application has been made by co for resumption of trading 
in shares on stock exchange with effect from 9:00 a.m. On 5 
april 2017 
 
Source text for Eikon:  ID:nHKS4Y8RXX  
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