BRIEF-LBS Bina Says Unit Entered Into Equity Transfer & Debt Repayment Agreement With Huafa Urban Operation (HK)

June 19 (Reuters) - Lbs Bina Group Bhd LBSB.KL : * UNIT ENTERED INTO EQUITY TRANSFER & DEBT REPAYMENT AGREEMENT WITH HUAFA URBAN OPERATION (HK) * UNIT DISPOSES 100% STAKE IN LAMDEAL INVESTMENTS LIMITED FOR RMB192.2 MILLION * DISPOSAL EXPECTED TO RESULT IN PRO-FORMA ONE-OFF GAIN OF 80 MILLION RGT * LOAN SETTLEMENT BY HUAFA URBAN OPERATION (HK) OF AMOUNT OWING BY LIL GROUP TO CO TOTALLING RMB227.8 MILLION Further company coverage: LBSB.KL (([email protected];))