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BRIEF-China Green Holdings updates on disposal of equity interest in indirect wholly-owned unit
April 17, 2017 / 10:57 AM / 7 months ago

BRIEF-China Green Holdings updates on disposal of equity interest in indirect wholly-owned unit

April 17 (Reuters) - China Green (Holdings) Ltd

* Discloseable transaction in relation to disposal of entire equity interest in an indirect wholly-owned subsidiary

* Deal for cash consideration of approximately RMB49.8 million

* Purchaser agreed to acquire equity interest, representing 100% of equity interest in target company

* Deal includes debt in amount of approximately RMB45.2 million

* Company expects to record a loss on disposal of approximately RMB5 million

* Expected that disposal will not have a material adverse impact on net asset position of group

* Target co being China Green (Fuyang) Beverages Science And Technology Development Limited; vendor being Xiamen Company Source text for Eikon: Further company coverage:

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