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BRIEF-Sheng Yuan Holdings updates On Acquisition Of Controlling Interest In Financial Leasing Co

Oct 19 (Reuters) - Sheng Yuan Holdings Ltd:

* PROPOSES ACQUISITION OF A CONTROLLING INTEREST IN A FINANCIAL LEASING COMPANY

* PROPOSED CONSIDERATION FOR TRANSACTION SHALL NOT BE MORE THAN HK$220 MILLION

* BOARD ANNOUNCES THAT ON 19 OCTOBER PARTIES AGREE TO PROCEED WITH PROPOSED TRANSACTION Source text for Eikon: Further company coverage: