United Kingdom

Hilong Holding announces disposal of equity interest in unit

Monday, 25 Sep 2017 

Sept 25 (Reuters) - Hilong Holding Ltd <1623.HK>:Vvendor, an indirect wholly-owned subsidiary of company, and Zhang Jun entered into equity transfer agreement.Unit to dispose of equity interest, representing 100% of equity interest in Shanghai Hilong Shine New Material Co for RMB 35 million.Expected that group will record a gain of approximately RMB8.1 million from disposal. 

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