October 16, 2017 / 9:51 AM / a month ago

BRIEF-China Foods announces ‍disposal of equity interests in target co's for HK$1.40 bln

Oct 16 (Reuters) - China Foods Ltd

* ‍Disposal of equity interests in target companies​

* Deal for consideration of hk$1,400 million​

* Proposes to pay special dividend of hk$0.93 per share

* Upon completion and payment of special dividend, remaining net proceeds to be received by co about hk$2. 47 billion​

* ‍Transaction value in relation to disposal is about hk$5,069 million​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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