BRIEF-Kingbostrike says Tuori Energy entered into first disposal agreement

April 13 (Reuters) - Kingbostrike Ltd

* Purchaser entered into first disposal agreement with Dai

Yong as vendor and Tuori energy as purchaser for consideration

of RMB19 million

* Pursuant to first disposal agreement, Tuori Energy agreed

to pay consideration directly to purchaser

* Purchaser entered into second disposal agreement with

Tianjin Kaihe energy technology as vendor and Tuori Energy as

purchaser

* Tianjin Kaihe Energy Technology agreed to sell and tuori

energy agreed to purchase entire registered capital of Qingdao

Qiguang in consideration of rmb16 million

* Pursuant to second disposal agreement, tuori energy agreed

to pay consideration directly to purchaser

* Upon completion of deemed disposals, group will record a

profit on disposal of approximately s$2.3 million

Source text (http://bit.ly/2painHf)

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