Convoy(01019)to book loss for disposal of First Credit X
13/06/2018 17:20
(Infocast News)     Convoy Global Holdings (01019)  announced that on 8 June 2018, the Vendor (an indirect wholly owned subsidiary of the Company) and the Purchaser entered into the Sale and Purchase Agreement, pursuant to which the Vendor has agreed to sell  an aggregate of 1,070.4 million First Credit(08215) Shares , representing approximately 29.5% of the total issued share capital of First Credit as at the date of this announcement,for an aggregate consideration of HK$61.0128 million.

As a result of the Disposal, the Group is expected to recognize an unaudited loss in the range of approximately HK$311 million – HK$324 million.  (SY)



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