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BRIEF-Yue Yuen Industrial (Holdings) Announces Disposal Of Issued Share Capital In Texas Clothing Holding

May 7 (Reuters) - Yue Yuen Industrial (Holdings) Ltd :

* YUE YUEN INDUSTRIAL (HOLDINGS) LTD ANNOUNCES DISPOSAL OF ISSUED SHARE CAPITAL IN TEXAS CLOTHING HOLDING CORP BY WAY OF MERGER

* PURCHASE PRICE BEFORE ADJUSTMENT IS US$230 MILLION

* ESTIMATED NET PROCEEDS ARISING FROM DISPOSAL IS ABOUT US$106 MLN Source text for Eikon: Further company coverage: