March 13, 2017 / 10:21 PM / 4 months ago

BRIEF-Finet Group says unit entered into agreement with BACOB Management

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March 14 (Reuters) - Finet Group Ltd:

* Vendor, unit of company, has entered into provisional agreement with, amongst others, purchaser and vendor guarantor

* Expects that subject to completion, group will record a gain of approximately hk$9.8 million from disposal

* Deal for disposal at consideration of hk$68 million

* Bacob management agreed to purchase sale shares representing entire issued share capital of pink angel investments together with sale debt

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