February 23, 2017 / 1:16 AM / 5 months ago

BRIEF-Silverlake Axis Ltd sells shares of Global Infotech Co.

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Feb 23 (Reuters) - Silverlake Axis Ltd:

* Sale Of Shares In Global Infotech Co. Ltd

* Sale shares were sold, pursuant to aforesaid block trade, for an aggregate cash consideration of RMB86.82 million

* Estimate a gain of approximately RMB40.23 million on disposal.

* Company intends to utilise proceeds from disposal for general working capital purposes, special dividends, reduction of borrowings Source text for Eikon: Further company coverage:

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