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4-Traders Homepage  >  Shares  >  Stock Exchange of Hong Kong  >  China Ting Group Holdings Limited    3398

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China Ting : controlling holder inks MOU to sell stake

07/29/2015 | 02:37am US/Eastern

[ET Net News Agency, 29 July 2015] China Ting Group (03398) said its controlling

shareholder Longerview Investments Limited entered into a memorandum of understanding with

an independent third party as potential purchaser in respect of the possible disposal of

shares held by Longerview to the possible purchaser.

The possible disposal may involve a reorganisation of China Ting. The reorganisation may

be implemented by way of distribution or disposal of certain assets.

Longerview currently holds 70.96% equity interests in China Ting.

China Ting had applied for the resumption of trading in shares this afternoon. (HL)

(c) 2015 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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