Guangdong Yueyun Transportation (HKG:3399) agreed to dispose of 51% equity interest held by the company in Yueyun Langri to Yangjiang Investment for 99.6 million yuan, a Wednesday Hong Kong bourse filing said.
The company will cease to hold any interest in the target company after the disposal. The group expects a gain of 8.1 million yuan from the disposal and will use the proceeds for its general working capital.
The transportation company's shares closed nearly 5% higher on Thursday.
Price (HKD): $1.54, Change: $+0.070, Percent Change: +4.76%
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