April 6, 2017 / 3:11 PM / 4 months ago

BRIEF-Glorious Sun Enterprises says unit entered into sale and purchase agreement

April 6 (Reuters) - Glorious Sun Enterprises Ltd :

* Group (through its wholly-owned subsidiary) entered into sale and purchase agreement

* Deal at a consideration of hk$220 million

* Agreement to dispose of its interest in target company to purchaser, a company owned by charles yeung and yeung chun fan

* Company and jeanswest international (l) entered into master supply agreement

* Estimates that disposal will generate a gain of approximately hk$89.6 million

Source text for Eikon:

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