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BRIEF-Linekong Interactive says Linekong Online enters Lanfeng agreement with Lanfeng Investment
August 24, 2017 / 1:29 PM / in 3 months

BRIEF-Linekong Interactive says Linekong Online enters Lanfeng agreement with Lanfeng Investment

Aug 24 (Reuters) - Linekong Interactive Group Co Ltd :

* Linekong Online enters lanfeng agreement with Lanfeng Investment and Lanhai Culture agreement with Lanhai Culture

* Linekong Online has agreed to dispose of 50% equity interest held in Horgos Pictures at a consideration of RMB29.3 million

* Pursuant to lanhai culture agreement, Lanhai Culture to acquire 31% equity interest held in Horgos Pictures at RMB18.2 million

* Expected estimated gain before tax about RMB13 million in respect of equity transfer under Lanfeng Agreement

* Expected estimated gain before tax about RMB8 million in respect of equity transfer under Lanhai Culture agreement Source text for Eikon: Further company coverage:

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