March 2 (Reuters) - Lenovo Group Ltd
* unit entered into an equity transfer agreement in relation to disposal of 49% equity interest in Chengdu Lian Chuang Rong Jin Investment
* Deal for a consideration of approximately rmb1.62 billion
* Pre-Tax gain arising from disposal is estimated to be approximately hk$1,696 million
* among undistributed profits of disposal company as at 31 december 2016, approximately rmb264 million will be distributed to seller prior to completion of disposal.
* following disposal, company and its subsidiaries will cease to have any equity interest in disposal group.
* Purchaser is Beijing Sunac Raycom Real Estate Company Limited
* “proceeds received from disposal are intended to be used for general corporate purposes.” Source text for Eikon: Further company coverage: