Brief: Cathay Expects Net Gain Of $1.97 Mln From Lansen's 1.7 Mln Share Sale

Lansen Pharmaceutical Holdings

18/09/2019 12:15

Sept 18 (Reuters) - Cathay International Holdings Ltd
 CTI.L :
    * CATHAY INTL HLDGS  - DISPOSAL OF STARRY SHARES
    * CATHAY INTERNATIONAL HOLDINGS LTD - GROSS SALE PROCEEDS OF
DISPOSAL WERE APPROXIMATELY RMB 45.21 MILLION
    * CATHAY INTERNATIONAL - LANSEN FURTHER DISPOSED ON-MARKET
OF AN
AGGREGATE OF 1.7 MILLION SHARES IN STARRY AT RMB 26.91/STARRY
SHARES
    * CATHAY INTERNATIONAL - LANSEN IS EXPECTED TO RECOGNISE A
NET
GAIN OF ABOUT USD 3.75 MILLION, OF WHICH USD 1.97 MILLION IS
ATTRIBUTABLE TO CATHAY

Source text for Eikon:  ID:nRSR8265Ma 
Further company coverage:  CTI.L 

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