Edition:
India

C.Banner International Announces Disposal Of Entire Issued Share Capital Of Hamleys Global


Tuesday, 14 May 2019 

May 14 (Reuters) - C.Banner International Holdings Ltd <1028.HK>::ANNOUNCES DISPOSAL OF ENTIRE ISSUED SHARE CAPITAL OF HAMLEYS GLOBAL HOLDINGS LIMITED.APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF TRADING IN SHARES ON STOCK EXCHANGE FROM 9:00 A.M. ON MAY 15.RELIANCE BRANDS LTD SHALL PAY TO CO £34.3 MILLION FOR ENTIRE ISSUED SHARE CAPITAL OF HAMLEYS GLOBAL HOLDINGS LTD.DISPOSAL IS CURRENTLY EXPECTED TO RECORD A LOSS OF ABOUT £1.0 MILLION (ABOUT HK$10.2 MILLION).