BRIEF-China Everbright Says Co Disposed 157 Mln EBS A Shares For RMB1,957 Mln
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May 24 (Reuters) - China Everbright Ltd:
* BETWEEN 11 SEPTEMBER 2017 & 24 MAY 2018 CO DISPOSED AN AGGREGATE OF 157 MILLION EBS A SHARES FOR RMB1,957 MILLION
* UPON COMPLETION OF DISPOSALS, CO WILL HOLD 25.14% OF EXISTING ISSUED EBS A SHARES & ABOUT 21.30% OF ENTIRE ISSUED EBS SHARES
* BASED DISPOSAL PRICES IN RESPECT OF EBS SALE SHARES, GROUP RECOGNIZED GAIN BEFORE TAX OF ABOUT HK$294 MILLION FOR FY2017
* GROUP IS EXPECTED TO RECOGNIZE A GAIN BEFORE TAX OF ABOUT HK$89 MILLION (UNAUDITED) FOR YEAR ENDING 31 DECEMBER 2018 FROM DISPOSALS Source text for Eikon: Further company coverage:
