March 23, 2017 / 10:39 PM / 5 months ago

BRIEF-Citychamp Watch & Jewellery unit enters into disposal agreement

March 24 (Reuters) - Citychamp Watch & Jewellery Group Ltd :

* EB Investments, Pacific Timber and Bright Merit and Shenzhen Kangtian have entered into a disposal agreement

* Deal for RMB1.40 billion

* Sellers agreed to sell and Shenzhen Kangtian agreed to acquire entire equity interests of Seti Timber

* Expected that company would recognize unaudited gain on disposal of approximately HK$1 billion from disposal Source text for Eikon: Further company coverage:

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