BRIEF-China Star Entertainment says entered into agreement for disposal of equity interests and sale loan due by Ace Season Holdings

March 29 (Reuters) - China Star Entertainment Ltd-

:

* Disposal Of The Entire Equity Interests In And The Sale

Loan Due By Ace Season Holdings Limited

* Deal at an aggregate purchase price of hk$85 million

* Will record a gain of approximately hk$1.6 million upon

disposal

* "expected that disposal will not have any significant

impact on revenue and profits of group"

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