April 19, 2017 / 11:06 AM / 3 months ago

BRIEF-Hua Yang says unit proposes to acquire stake in Magna Prima Berhad

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April 19 (Reuters) - Hua Yang Bhd

* Entered into share sale agreement with Fantastic Realty Sdn Bhd, Lee Shu Shun, Lee Kok Meng, Yap Fatt Thai, Kok Sew Hong And Kok Sew Hwa

* Agreement for proposed acquisition of 66.9 million ordinary shares in MPB for total consideration of 123.7 million RGT

* Acquisition is not expected to have any material effect on the earnings and EPS of the group for the FY 31 december 2017

* Purchase consideration will be fully satisfied in cash and funded via internally generated funds and/or bank borrowings Source (bit.ly/2pfGR29) Further company coverage:

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