Brief: Phoenix Media Investment (Holdings) Says Unit Entered Agreement With Run Liang Tai Management
10/08/2020 15:10
Aug 10 (Reuters) - Phoenix Media Investment (Holdings) Ltd
2008.HK :
* ON 7 AUG, PHOENIX NEW MEDIA ENTERED AGREEMENT WITH RUN
LIANG TAI
MANAGEMENT
* UNDER AGREEMENT, PNM TO SELL 140.2 MILLION PREFERRED
SHARES IN
PARTICLE INC
* PNM SHALL DESIGNATE ONSHORE TRANSFEROR TO SELL ABOUT 42.9%
STAKE
HELD BY PNM IN YIDIAN TECHNOLOGY
* SEES LOSS ATTRIBUTABLE FOR HY OF OVER HK$900 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKSbdfGdd
Further company coverage: 2008.HK
((Reuters.Briefs@thomsonreuters.com;))
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