BRIEF-Four Seas Mercantile says unit entered into agreement with purchaser

March 20 (Reuters) - Four Seas Mercantile Holdings Ltd

:

* Vendor, an indirect wholly-owned subsidiary of company,

and purchaser entered into agreement

* Deal for HK$368 million

* Expected to realise a total gain on disposal of

approximately HK$320 million

* Purchaser being Well Harbour (H.K.) Limited, vendor being

Four Seas Mercantile Limited

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