December 28, 2016 / 9:50 AM / 8 months ago

BRIEF-Pioneer Global says unit entered into sale and purchase agreement

Dec 28 (Reuters) - Pioneer Global Group Ltd :

* Unit entered into sale and purchase agreement with purchaser

* Application has been made to stock exchange for resumption of trading of shares of company with effect from 9:00 a.m. On thursday, Dec 29

* Purchaser being Famous Spirit and vendor being Pine International Limited

* Deal for consideration of approximately HK$760.0 million.

* Shall record total fair value increase and capital gain of about HK$470.2 million from disposal Source text for Eikon: Further company coverage:

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