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BRIEF-China Assets Holdings announces proposal for privatisation of China Assets (Holdings) Ltd
July 4, 2017 / 12:55 AM / 5 months ago

BRIEF-China Assets Holdings announces proposal for privatisation of China Assets (Holdings) Ltd

July 4 (Reuters) - China Assets Holdings Ltd

* Proposal for privatisation of china assets (holdings) limited

* Upon cancellation of scheme shares each scheme shareholder will be entitled to receive hk$6.8 in cash for each scheme share

* Scheme shares are in aggregate valued at approximately hk$335.5 million

* Independent committee established by board to make a recommendation to scheme shareholders as to whether terms of proposal are fair

* Application has been made by company to stock exchange for resumption of trading in shares Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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