Reuters logo
BRIEF-Forgame disposes equity interest in Beijing Hongruan Xiechuang Communication and Technology
May 24, 2017 / 2:48 PM / in 6 months

BRIEF-Forgame disposes equity interest in Beijing Hongruan Xiechuang Communication and Technology

May 24 (Reuters) - Forgame Holdings Ltd:

* Announces disposal of 20 pct equity interest in Beijing Hongruan Xiechuang Communication and Technology Co. Ltd.

* Hunan Tianrun has agreed to acquire entire equity interest in Beijing Hongruan from vendors

* Weidong agreed to dispose of, Hunan Tianrun agreed to acquire, sale interest, representing 20% equity interest in Beijing Hongruan for RMB87.5 million

* Estimated that group will recognise a gain of approximately RMB72 million (before tax) as a result of disposal Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below