Huayi Tencent to Dispose Heartily Health Unit

MT Newswires Live

02/02

Huayi Tencent Entertainment (HKG:0419) said it agreed to dispose of its Heartily Health unit to an individual identified as Xu Chun Sheng, according to a Hong Kong bourse filing Friday.

Xu will pay HK$1 in cash and assume HK$141.7 million in debt owed by Heartily Health to Huayi Tencent.

Huayi Tencent said it was shedding the business to focus on other areas with stronger growth potential.

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