8IH 8i holdings ltd
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News: 8IH 8I Holdings Enters Agreement For Sale Of 41.2% Stake In Shanghai Rong Dao Culture...

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    19/11/19
    12:35
    Post #: 41505811

    Nov 19 (Reuters) - 8I Holdings Ltd (8IH) :

    • ENTERED INTO A SALE AND PURCHASE AGREEMENT FOR SALE OF 41.2% EQUITY INTEREST IN SHANGHAI RONG DAO CULTURE COMMUNICATION CO. LTD
    • DEAL FOR RMB 686,680
    • WILL RECOGNISE UNAUDITED DISPOSAL GAIN OF ABOUT S$100,000 FROM TRANSACTION
    • GROUP'S EFFECTIVE INTEREST IN RONG DAO WILL BE REDUCED FROM 39.8% TO 13.0%
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