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BRIEF-A8 New Media Group associate company enters into equity transfer agreement
September 4, 2017 / 10:39 AM / 3 months ago

BRIEF-A8 New Media Group associate company enters into equity transfer agreement

Sept 4 (Reuters) - A8 New Media Group Ltd

* Beijing Duomi entered into conditional equity transfer agreement with Jiahui (Pingtan) investment management center partnership

* Deal for a consideration of RMB875.5 million in cash

* Beijing Duomi expects to recognise an unaudited accounting gain of approximately RMB807.8 million from disposal Source text: (bit.ly/2gFmpoc) Further company coverage:

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