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BRIEF-Digital China Holdings enters subscription agreement
May 19, 2017 / 11:23 AM / 6 months ago

BRIEF-Digital China Holdings enters subscription agreement

May 19 (Reuters) - Digital China Holdings Ltd

* Company, HC International, seller and Beijing Huicong Internet Information Technology entered into subscription agreement

* Seller conditionally agreed to sell and purchaser conditionally agreed to purchase, JV interest for consideration of rmb1.08 billion

* Group is expected to record an unaudited gain after taxation of about hk$220 million as a result of disposal and acquisition

* Proceeds of disposal are intended to be used for subscription of HC subscription shares Source text for Eikon: Further company coverage:

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