Brief: Yip's Chemical Says Pagac Heisenberg Holding Ii Agreed To Acquire 68% Stake In Handsome Chemical Development

Yips Chemical Holdings

25/07/2022 16:30

July 25 (Reuters) - Yip's Chemical  0408.HK :
    * PAGAC HEISENBERG HOLDING II AGREED TO ACQUIRE 68% EQUITY
INTEREST IN  HANDSOME CHEMICAL DEVELOPMENT
    * CONSIDERATION OF RMB2,295 MILLION
    * GROUP IS EXPECTED TO RECORD UNAUDITED GAIN ON DISPOSAL OF
HK$1,188 MILLION
    * NET PROCEEDS FROM DISPOSAL TO APPLY TOWARDS RESERVES FOR
FUTURE
INVESTMENTS, REPAYMENT OF BANK LOANS, AMONG OTHERS

Source text for Eikon:  ID:nHKS6wWg9V 
Further company coverage:  0408.HK 

 ((Reuters.Briefs@thomsonreuters.com;))