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

Others

June 19 (Reuters) - Lbs Bina Group Bhd ::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];)).

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