February 10, 2017 / 8:50 AM / 5 months ago

BRIEF-Wisdom Sports Group says unit entered into equity transfer agreement

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Feb 10 (Reuters) - Wisdom Sports Group

* Vendor, an indirect wholly-owned subsidiary of company, entered into equity transfer agreement with purchaser

* Deal for consideration of RMB116 million.

* Disposal of 100% equity interests in target company Shenzhen Wisdom Basketball Business

* Group expects to record an unaudited gain of approximately RMB72 million if disposal is completed

* Shenzhen Wisdom Sports Business Co to sell and Shenzhen Zhongke Dingtai Business Investment Partnership to acquire target co Source text for Eikon: Further company coverage:

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