Brief: Zhuguang Holdings Disposal Of 100% Stake In And Loan Due From A Unit
12/11/2020 12:34
Nov 12 (Reuters) - Zhuguang Holdings Group Company Ltd
1176.HK :
* DISPOSAL OF 100% EQUITY INTEREST IN AND LOAN DUE FROM A
UNIT
* EXPECTS TO RECOGNISE UNAUDITED GAIN OF ABOUT HK$262
MILLION FROM
DISPOSAL
* DISPOSAL FOR TOTAL CONSIDERATION OF RMB2,983 MILLION
* EXPECT THAT NET PROCEEDS FROM DISPOSAL WILL BE ABOUT
RMB374
MILLION
Source text for Eikon: ID:nHKSb2jZW6
Further company coverage: 1176.HK
((Reuters.Briefs@thomsonreuters.com;))
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