February 1, 2018 / 2:17 PM / 19 days ago

BRIEF-Wing Tai Properties To ‍Dispose Allied Effort Ltd For‍ HK$2.85 Bln

Feb 1 (Reuters) - Wing Tai Properties Ltd:

* ANNOUCES ‍DISPOSAL OF 100 PCT INTEREST IN ALLIED EFFORT LIMITED FOR‍ HK$2.85 BILLION

* ‍GROUP EXPECTS TO RECOGNISE A GAIN ON DISPOSAL IN AMOUNT OF APPROXIMATELY HK$1,060 MILLION

* ALLIED EFFORT TO BE SOLD TO ‍TOP SINCERITY LTD

* ‍APPLICATION HAS BEEN MADE FOR RESUMPTION OF TRADING IN SHARES OF CO WITH EFFECT FROM 9:00 A.M. ON FEB 2, 2018​ Source text for Eikon: Further company coverage:

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