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7 months ago
BRIEF-Talam Transform Bhd says unit entered into shares sale agreement
January 5, 2017 / 10:45 AM / 7 months ago

BRIEF-Talam Transform Bhd says unit entered into shares sale agreement

Jan 5 (Reuters) - Talam Transform Bhd :

* HK unit of Co entered into a shares sale agreement with Jilin Province Zhuo Yue Investment Co. Limited

* Deal for disposal of entire 85% equity interest in Jilin Province Maxcourt Hotel Ltd

* Agreement for cash consideration of rmb84.66 million

* Proposed disposal will give rise to a net gain of 47.78 million rgt or 1.13 sen per ordinary share

* Net proceeds from proposed disposal will be used to pare down the group's borrowings and for working capital purposes Source text: [bit.ly/2hUfy5g] Further company coverage:

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