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BRIEF-Sheng Yuan Holdings To Sell Joinbo Holdings Ltd For HK$40 Million

June 29 (Reuters) - Sheng Yuan Holdings Ltd:

* COMPANY TO SELL JOINBO HOLDINGS LIMITED FOR HK$40 MILLION

* EXPECTED THAT GROUP WILL RECORD A LOSS OF HK$3.4 MILLION FROM DISPOSAL

* JOINBO HOLDINGS TO BE SOLD TO FAME GRACE INVESTMENT LTD Source text for Eikon: Further company coverage: