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BRIEF-China Hongxing Sports enters deal to sell unit Profitstart Group for RMB100 mln
September 21, 2017 / 12:32 AM / a month ago

BRIEF-China Hongxing Sports enters deal to sell unit Profitstart Group for RMB100 mln

Sept 21 (Reuters) - China Hongxing Sports Ltd:

* Proposed disposal of entire share capital of Profitstart Group

* Deal for an aggregate consideration of RMB100 million

* Estimated loss on proposed disposal is about RMB370.7 million

* Net proceeds from proposed disposal will amount to about S$5.5 million Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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