South China Holdings Shareholders to Vote June 26 on Sale of 3 Firms

MT Newswires Live

06/10

Shareholders of South China Holdings (HKG:0413) will meet on June 26 to vote on the sale of three firms by two units to Splendid Enterprises, a Monday Hong Kong bourse filing said.

The deal to sell World Mastery, Crosslight, and Chun Wing for for HK$27 million was first announced in May.

Proceeds from the disposal are intended to be used to set off a shareholder's loan owed by the company to controlling shareholder Ng Hung Sang or his associates.

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