January 11, 2017 / 12:54 PM / 7 months ago

BRIEF-Hisense Kelon Electrical announces agreement in relation to disposal

Jan 11 (Reuters) - Hisense Kelon Electrical Holdings Co Ltd :

* Framework agreement in relation to the disposal

* Company entered into framework agreement with purchaser in relation to disposal

* Ningbo Meishan Bonded Port Yingmei Investment Management Company to purchase the property from company

* consideration shall be RMB892.6 million

* Ownership of property will be transferred from company to target company

* Disposal is expected to increase net profit of company for current period by approximately RMB650 million Source text for Eikon: Further company coverage:

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