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BRIEF-China Star Entertainment says entered into agreement for disposal of equity interests and sale loan due by Ace Season Holdings
March 29, 2017 / 1:04 PM / 5 months ago

BRIEF-China Star Entertainment says entered into agreement for disposal of equity interests and sale loan due by Ace Season Holdings

March 29 (Reuters) - China Star Entertainment Ltd- :

* Disposal Of The Entire Equity Interests In And The Sale Loan Due By Ace Season Holdings Limited

* Deal at an aggregate purchase price of hk$85 million

* Will record a gain of approximately hk$1.6 million upon disposal

* "expected that disposal will not have any significant impact on revenue and profits of group"

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