Brief: WLS Holdings To Sell Ox Financial Group & Bright Advantage Sale Shares To An Individual

WLS Holdings

11/12/2019 14:50

Dec 11 (Reuters) - WLS Holdings Ltd  8021.HK :
    * TO SELL AND ASSIGN BENEFIT OF OX FINANCIAL GROUP SALE
SHARE AND
BRIGHT ADVANTAGE SALE SHARE TO AN INDIVIDUAL
    * CONSIDERATION FOR DEAL INCLUDES PREMIUM OF  HK$7 MILLION,
AMONG
OTHER AMOUNTS
    * DEAL ALSO INCLUDES SALE OF LOANS OWED BY OX FINANCIAL
GROUP &
BRIGHT ADVANTAGE TO CO WHICH IS ABOUT HK$53 MILLION
    * EXPECTS TO REALISE A BOOK GAIN BEFORE TAX OF ABOUT HK$7
MILLION
FROM DISPOSAL

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS44D2s7
Further company coverage:  8021.HK 

 (Reuters.Briefs@thomsonreuters.com)