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BRIEF-K-Star Sports says unit enters sale and purchase agreement with Ding Jindian
July 20, 2017 / 10:07 AM / 4 months ago

BRIEF-K-Star Sports says unit enters sale and purchase agreement with Ding Jindian

July 20 (Reuters) - K-star Sports Ltd:

* Unit Fujian Dixing entered into a sale and purchase agreement with Ding Jindian

* Deal for total cash consideration of RMB 22.5 million

* Deal to dispose piece of vacant industrial land measuring 26,973 square metres situated at Jiangtou industrial zone

* Disposal will result in estimated loss of RMB1.6 million to group based on audited NBV of land as at 31 Dec 2016 Source text (bit.ly/2uFi8GC) Further company coverage:

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