Brief: Television Broadcasts Ltd updates on disposal of 47% equity interest in Liann Yee
04/01/2016 09:06
Jan 4 (Reuters) - Television Broadcasts Ltd 0511.HK : * Discloseable transaction in relation to disposal of the remaining 47% equity interest in liann yee 0511.HK * Says countless entered into the conditional disposal agreement with the purchasers * Total consideration of NT$4.34 billion * Says upon completion, the group will cease to hold any interest in liann yee * Consideration shall be paid by each of the purchasers to countless in immediately available funds at completion * Says pursuant to agreement countless had agreed to sell remaining 5.9 million issued ordinary shares of liann yee * Says group expects to record no significant profit on the disposal * Source text (http://bit.ly/1OF9s1L) ((For more news, please click here 0511.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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