Brief: Nanfang Communication Announces Proposed Disposal Of Sale Shares

Nanfang Communication Holdings

04/12/2023 14:35

Dec 4 (Reuters) - Nanfang Communication Holdings Ltd
 1617.HK :
    * POSSIBLE VERY SUBSTANTIAL DISPOSAL PROPOSED DISPOSAL OF
SALE
SHARES
    * CONSIDERATION PAYABLE TO PACIFIC SMART BY VANTONE NEO
DEVELOPMENT GROUP FOR US$21.6 MILLION
    * ON 26 NOV, PACIFIC SMART, 11 SHAREHOLDERS OF SOURCE
PHOTONICS,
AMONG OTHERS ENTERED INTO FRAMEWORK AGREEMENT
    * APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF
TRADING IN
SHARES WEF 5 DEC
    * PACIFIC SMART CONDITIONALLY AGREED TO SELL 8.2 MILLION
CLASS A
PREFERRED SHARES OF SOURCE PHOTONICS HOLDINGS (CAYMAN) LIMITED
    * DISPOSAL EXPECTED TO RECORD LOSS OF RMB20.3 MILLION

Source text for Eikon:  ID:nHKS4jpJPf 
Further company coverage:  1617.HK 

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