BRIEF-Glorious Sun Enterprises says unit entered into sale and purchase agreement

April 6 (Reuters) - Glorious Sun Enterprises Ltd

:

* Group (through its wholly-owned subsidiary) entered into

sale and purchase agreement

* Deal at a consideration of hk$220 million

* Agreement to dispose of its interest in target company to

purchaser, a company owned by charles yeung and yeung chun fan

* Company and jeanswest international (l) entered into

master supply agreement

* Estimates that disposal will generate a gain of

approximately hk$89.6 million

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