BRIEF-Shun Tak Holdings Updates On Proposed Restructuring Of Shun Tak - China Travel Shipping Investments

March 6 (Reuters) - Shun Tak Holdings Ltd:

* CO & CTII AGREED TO TRANSFORM SHUN TAK - CHINA TRAVEL SHIPPING INVESTMENTS LTD INTO NEW TRANSPORTATION PLATFORM

* NEW TRANSPORTATION PLATFORM TO COMBINE FERRY AND COACH BUSINESSES OF CO & CTII TO PROVIDE CROSS BOUNDARY TRANSPORTATION SERVICES

* UNIT TO SELL JOINTMIGHT INVESTMENTS FOR HK$55 MILLION

* UPON COMPLETION, NEW PLATFORM TO BE OWNED 50% BY CO'S UNIT & 50% BY CTII'S UNIT

* INTERDRAGON AGREED TO SELL 21% STAKE IN SHUN TAK - CHINA TRAVEL SHIPPING INVESTMENTS LTD TO DALMORE

* CONSIDERATION PAYABLE BY DALMORE FOR 21% STAKE IS HK$437 MILLION

* GROUP EXPECTS TO RECORD GAIN ATTRIBUTABLE OF ABOUT HK$190 MILLION FROM PROPOSED RESTRUCTURING

* SHUN TAK - CHINA TRAVEL SHIPPING INVESTMENTS LTD TO ACQUIRE CTTT AND CTTT SHAREHOLDER'S LOAN FOR HK$508 MILLION Source text for Eikon: Further company coverage: