BRIEF-Newtree entered into disposal transaction to dispose entire equity interest in Tiger Global

March 28 (Reuters) - Newtree Group Holdings Limited

* Discloseable Transaction In Relation To Disposal Of The

Entire Equity Interest In Tiger Global Group Limited

* Deal at consideration of HK$30 million

* Vendor has agreed to sell and purchaser to purchase sale

shares, representing entire issued share capital of target


* Upon completion of transaction, group will cease to have

any interests in target group.

* Group will record a loss of approximately HK$5.6 million

as a result of disposal

* Vendor being Star Guardian Holdings Limited; purchaser

being Yuchi International Limited

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