Brief: Phoenix Media Investment (Holdings) Expected To Record A Loss For 2018

Phoenix Media Investment (Holdings)

27/02/2019 11:50

Feb 27 (Reuters) - Phoenix Media Investment (Holdings) Ltd
 2008.HK :
    * GROUP IS EXPECTED TO RECORD A LOSS FOR 2018
    * UNIT ENTERED INTO LETTER OF INTENT WITH PURCHASER (AN
INDEPENDENT THIRD PARTY) REGARDING POTENTIAL DISPOSAL
    * CONSIDERATION PAYABLE BY PURCHASER FOR SALE SHARES IS
US$448
MILLION
    * ASSETS TO BE DISPOSED ARE  SALE SHARES, BEING 32% EQUITY
INTEREST ON AN AS-IF CONVERTED BASIS HELD BY UNIT IN CAYMAN CO
    * MADE APPLICATION TO STOCK EXCHANGE FOR RESUMPTION OF
TRADING IN
SHARES WITH EFFECT FROM 9:00 A.M. ON 28 FEB

Source text for Eikon:  ID:nHKS8Hh1cz 
Further company coverage:  2008.HK 

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