Silver Grant (00171) said it intends to sell 49% equity interests in Yang Quan Coal Industry (Group) Tiantai Investment Limited for the base price of Rmb873.2 million by way of public auction at Chongqing United Assets and Equity Exchange.
Upon completion, Silver Grant will no longer have any interest in Yangquan Tiantai, which will cease to be an associated company of Silver Grant.
It is expected that the group will recognize a disposal gain of about HK$160.8 million.
Yangquan Tiantai is principally engaged in the development of underground coking coal mine.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
