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India

China Merchants China Direct Investments updates on disposal of equity interests in Esurfing<0133.HK>


Monday, 1 Aug 2016 

China Merchants China Direct Investments Ltd <0133.HK>: Disposal of equity interests in esurfing <0133.HK> . Tian zheng has agreed to sell to besttone all of its 5.37% equity interests in esurfing" . tian zheng, besttone, and all other holders of shares in esurfing have entered into a conditional agreement . Estimated consideration for sale and purchase of equity interests held by tian zheng in esurfing is approximately RMB103.8 million . Tian zheng and other esurfing shareholders agreed to sell, and besttone agreed to purchase 100% interests in esurfing . Based on tentative consideration, expected that tian zheng shall receive 7.2 million besttone new shares . 

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