BRIEF-Coolpad Group updates on disposal of 80% equity interest in coolpad mobile

Reuters

2 December 2016 at 5:55 am

Dec 2 (Reuters) - Coolpad Group-discloseable Transaction Disposal Of 80% Equity Interest In Coolpad Mobile * * Yulong shenzhen and coolpad mobile, being subsidiaries of company, and superd entered into equity transfer arrangement * Deal for an aggregate consideration of rmb272 million * Yulong shenzhen has agreed to dispose of and superd has agreed to acquire 80% equity interest in coolpad mobile * Upon completion of equity transfer, coolpad mobile will be held as to 20% by yulong shenzhen and 80% by superd Source text for Eikon: [http://bit.ly/2fNI7Fj] Further company coverage:

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