June 21 (Reuters) - MMG Ltd 1208.HK :
- UNIT TO SELL MMG LAOS HOLDINGS TO CHIFENG JILONG GOLD MINING FOR $275 MILLION
- UNIT MMG AUSTRALIA TO ENTER DEAL WITH CHIFENG JILONG GOLD MINING, MMG LAOS AND LANE XANG MINERALS TO PROVIDE TRANSITIONAL SERVICES TO LXML
- AS A RESULT OF SHARE SALE, SEES NET PROFIT BEFORE TAX OF UPTO US$10 MILLION IN CO'S 2018 FINANCIAL YEAR
- SHARE SALE FORMS PART OF COMPANY'S WIDER PLAN TO OPTIMISE ITS MINING ASSET PORTFOLIO
