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BRIEF-Far East Horizon announces disposal of underlying assets
July 14, 2017 / 10:04 AM / a month ago

BRIEF-Far East Horizon announces disposal of underlying assets

July 14 (Reuters) - Far East Horizon Ltd-

* Discloseable Transactions Disposal Of Underlying Assets

* Purchaser has conditionally agreed to acquire IFEL underlying assets at ifel consideration of rmb1.49 billion

* ‍IFEL and purchaser entered into IFEL assets disposal agreement​

* Anticipated that upon completion of disposal, group would realise a net gain of approximately rmb670,000

* ‍FETJ and Minsheng Tonghui Asset Management​ as purchaser entered into FETJ assets disposal agreement

* FETJ to sell and purchaser to acquire fetj underlying assets at fetj consideration of rmb933.4 million Source text for Eikon: Further company coverage:

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