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BRIEF-China Vehicle Components Technology Holdings Co announces disposal of shares in Gf Holding
December 12, 2016 / 3:19 PM / 9 months ago

BRIEF-China Vehicle Components Technology Holdings Co announces disposal of shares in Gf Holding

Dec 12 (Reuters) - China Vehicle Components Technology Holdings Ltd

* Co agreed to sell, and gf holding has agreed to repurchase, sale shares at consideration of approximately hk$173.92 million

* New citic has agreed to sell, and gf holding has agreed to repurchase, all shares held by new citic in gf holding

* Loss of approximately hk$1.36 million is expected to be incurred by group as a result of disposal

* Estimated net proceeds from disposal is approximately hk$173.64 million

* Company, Surrich International, New Citic and Gf Holding entered into agreement

* New citic has agreed to sell all shares held by new citic in gf holding at consideration of about hk$124.23 million Source text for Eikon: Further company coverage:

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