Brief: HC Group Announces Disposal Of 55% Of Stake In Home Electronic Appliances World

HC

27/08/2020 14:27

Aug 27 (Reuters) - HC Group Inc  2280.HK :
    * ANNOUNCES DISPOSAL OF 55% OF EQUITY INTEREST IN HOME
ELECTRONIC
APPLIANCES WORLD
    * UNIT ENTERED INTO EQUITY TRANSFER AGREEMENT WITH GUANGDONG
LINGQIU, YU, XINYU CONGYING AND HOME ELECTRONIC APPLIANCES WORLD
    * UPON COMPLETION, BEIJING HUICONG WILL OWN 20% STAKE IN
HOME
ELECTRONIC APPLIANCES WORLD
    * UNIT AGREED TO TRANSFER 25% STAKE IN HOME ELECTRONIC
APPLIANCES
WORLD TO XINYU CONGYING AT CONSIDERATION OF RMB22.5 MILLION
    * BEIJING HUICONG TO TRANSFER 30% OF STAKE IN HOME
ELECTRONIC
APPLIANCES WORLD TO GUANGDONG LINGQIU AT RMB45 MILLION
    * EXPECTED THAT GROUP WILL REALISE A GAIN ON TRANSFER OF
ABOUT
RMB32 MILLION

Source text for Eikon:  ID:nHKS958RHX 
Further company coverage:  2280.HK 

 ((Reuters.Briefs@thomsonreuters.com;))