Brief: Tongda Group Holdings Announces Disposal Of Stedfast Investments
30/03/2023 02:04
March 30 (Reuters) - Tongda Group Holdings Ltd
0698.HK :
* DISPOSAL OF ENTIRE ISSUED SHARE CAPITAL IN A SUBSIDIARY
* UNIT TO SELL STEDFAST INVESTMENTS FOR HK$680 MILLION
* NET PROCEEDS FROM DISPOSAL ESTIMATED TO BE HK$678 MILLION
* INTENDS TO USE NET PROCEEDS FROM DISPOSAL FOR REPAYMENT OF
INDEBTEDNESS OF GROUP
Source text for Eikon: ID:nHKSc9Xw5n
Further company coverage: 0698.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Tongda group
See all newsBrief: Tongda Group Profit Attributable Hk$120.4 Million For Year
Brief: Tongda Group's Unit Subscribes To ICBC Wealth Management Product For Rmb51.60 Million
Brief: Tongda Group Says Units Subscribe Certain Wealth Management Products
Brief: Tongda Group Sees Profit Attributable For FY2025
Brief: Tongda Group Says Unit Subscribes To Xiamen Bank Wealth Management Product For RMB60 Million