December 21, 2017 / 2:16 PM / 6 months ago

BRIEF-Sim Technology Says Co, Simcom International, Shenzhen Sunsea & Target Cos Entered SPA

Dec 21 (Reuters) - Sim Technology Group Ltd:

* SIM TECHNOLOGY -CO, SIMCOM INTERNATIONAL, SHENZHEN SUNSEA & TARGET COS ENTERED SPA; SHENZHEN SUNSEA AGREED TO PURCHASE SIMCOM WIRELESS FOR RMB518 MILLION​

* DEAL EXPECTED TO RESULT IN AN UNAUDITED NET GAIN BEFORE TAXATION OF ABOUT RMB418.2 MILLION Source text for Eikon: Further company coverage:

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