BRIEF-Jin Bao Bao announces disposal of entire issued share capital of Cheng Hao International

April 19 (Reuters) - Jin Bao Bao Holdings Ltd

* Disposal of entire issued share capital of Cheng Hao

International Limited

* Purchaser has conditionally agreed to acquire sale shares

at consideration of hk$250 million.

* Net proceeds of disposal are intended to be principally

used for settlement of existing liabilities of group

* Peace Bright Investment Trading and Billion Grand

Investments Limited entered into sale and purchase agreement

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