February 7, 2018 / 2:19 PM / 12 days ago

BRIEF-Wang On Properties Says Guidepost Investments Entered Agreement With Wop And East Run

Feb 7 (Reuters) - Wang On Properties Ltd:

* GUIDEPOST INVESTMENTS ENTERED AGREEMENT WITH WOP AND EAST RUN FOR SALE OF ENTIRE STAKE IN TARGET COS FOR HK$350 MILLION

* NET PROCEEDS TO WOP FROM TRANSACTION IS ESTIMATED TO BE ABOUT HK$192.1 MILLION

* ‍EXPECTS TO RECORD A LOSS ON DISPOSAL OF ABOUT HK$73.7 MILLION​

* ‍CONSIDERATION OF HK$350 MILLION TO BE PAID IN CASH​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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