July 17, 2017 / 10:57 AM / 10 days ago

BRIEF-Winfair Investment Co enters deal for sale and purchase with China Hero Corp

1 Min Read

July 17 (Reuters) - Winfair Investment Co Ltd:

* Winfair Investment Co entered into agreement for sale and purchase with China Hero Corp

* Deal for consideration of HK$108.8 million

* Co agreed to sell its 100 pct equity interest in Winful Far East, a wholly-owned subsidiary of company, and shareholder's loan

* Expected gain before and after taxation from disposal is about HK$97.5 million, to be recorded in accounting year ending 31 March 2018 Source text for Eikon: Further company coverage:

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