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BRIEF-Wang On Group says unit, Sparkle Hope, Clear Idea International and Angel View enter agreement
September 11, 2017 / 3:25 PM / a month ago

BRIEF-Wang On Group says unit, Sparkle Hope, Clear Idea International and Angel View enter agreement

Sept 11 (Reuters) - Wang On Group Ltd:

* Unit, Sparkle Hope , Clear Idea International and Angel View entered into agreement

* Unit conditionally agreed to advance loan of principal amount of HK$600 million to Clear Idea International

* Clear idea international to acquire sale shares and assign benefit of shareholder loan, for consideration of HK$2.44 billion

* WOP Group currently expects to record a gain arising from disposal of about HK$796.2 million

* Applications have been made for resumption of trading in shares of WOG and WOP, respectively with effect from 9:00 a.m. on 12 Sept 2017 Source text for Eikon: Further company coverage:

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