May 5, 2017 / 1:31 PM / 3 months ago

BRIEF-China Child Care says unit entered into Share Transfer Agreement

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May 5 (Reuters) - China Child Care Corporation Ltd :

* Disposal of 45pct equity interest in a subsidiary

* Deal for for consideration of RMB100.0 million

* Frog Prince (China) to sell sale shares,45 pct equity interest in Fujian Herun

* Shenzhen Qianhai Wosheng Asset Management Centre to buy equity interest in Fujian

* Expects that group will record an estimated gain of approximately RMB66.4 million on disposal

* Following completion, group's interest in Fujian Herun will be reduced from 75pct to 30pct

* Post-deal, Fujian Herun will cease to be unit of co and its financial results will be de-consolidated from consol financial statements Source text for Eikon: Further company coverage:

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