BRIEF-China best group holding says unit enters into sale and purchase agreement

March 13 (Reuters) - China Best Group Holding Ltd:

* Vendor, a wholly owned subsidiary of company, entered into

sale and purchase agreement with purchaser

* Pursuant to which vendor agreed to sell, and purchaser

agreed to purchase, sale shares at consideration of hk$120

million

* Group's gains from disposal (after deducting for relevant

taxes and expenses) are expected to be not less than hk$20

million

Source text for Eikon:

Further company coverage: