[ET Net News Agency, 13 December 2018] Swire Pacific A (00019) and Swire Pacific B
(00087) said the subsidiary Swire Industrial and Akzo Nobel Group has entered into sale
and purchase agreements today for the sale of the sale interests by Swire Industrial to
Akzo Nobel Group for a cash consideration.
The sale interests comprise Swire Industrial's entire 100% interest in SDHL and 40%
interest in ANSPL and represent the company's entire interests in the paints business. The
estimated profit on the sale is HK$2.7 billion. (RC)