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BRIEF-KWG Group Announces Disposal Of 50% Stake & Shareholder's Loan In JV

BRIEF-KWG Group Announces Disposal Of 50% Stake & Shareholder's Loan In JV

Reuters · 07/27/2022 11:23
BRIEF-KWG Group Announces Disposal Of 50% Stake & Shareholder's Loan In JV

- KWG Group Holdings Ltd KWGPF:

  • DISPOSAL OF 50% EQUITY INTEREST AND- SHAREHOLDER'S LOAN IN A JOINT VENTURE

  • DISPOSAL FOR HK$1.3 BILLION

  • ESTIMATED WILL RECORD A PROFIT AFTER TAX OF APPROXIMATELY HK$489.5 MILLION UPON DISPOSAL

  • MEMBER OF GROUP TO SELL 50% STAKE IN GREAT SMART INTERNATIONAL

Further company coverage: KWGPF


((Reuters.Briefs@thomsonreuters.com;))