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BRIEF-Kong Sun Holdings says unit entered into disposal agreement
December 23, 2016 / 2:46 PM / a year ago

BRIEF-Kong Sun Holdings says unit entered into disposal agreement

Dec 23 (Reuters) - Kong Sun Holdings Ltd :

* Vendor agreed to transfer, and purchaser agreed to acquire, target shares together with all rights, obligations and duties thereunder.

* Gross and net proceeds that arise from consideration for disposal will be rmb374.5 million and rmb374.3 million respectively

* Purchaser being Tianjin Laienfu Trading Co.

* Vendor, a wholly- owned subsidiary of company, entered into disposal agreement with purchaser

* Aggregate consideration for disposal is rmb374.5 million, representing a transfer price of rmb7.00 per target share

* Will record a gain of about rmb40.7 million from disposal after deducting expenses attributable to disposal of about rmb187,000 Source text for Eikon: Further company coverage:

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