Brief: Oriental Watch Holdings says unit entered into agreement for disposal

Oriental Watch Holdings

07/09/2016 10:12

Sept 7 (Reuters) - Oriental Watch Holdings Ltd  0398.HK : 
 * Disposal of assets discloseable transaction  0398.HK  
 * Deal for aggregate cash consideration of HK$83.2 million 
 * Proceeds of the disposal will be used as additional working capital 
 * Unit entered into agreement for disposal of 45% of capital of, and benefit of 
loans of HK$66.8 million 
 * Disposal of 45% of capital of Hei Tung Watches and the benefit of loans 
advanced to Hei Tung 
 
 * Source text for Eikon  ID:nHKS4BLt7j  
 
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