roulettetrainer| China Olympic Park Winnet Capital sells shares: C$68 million in transaction and expected loss of C$17.9 million

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China Olympic Garden wholly-owned subsidiary sells shares for sale to WinnetCapitalRoulettetrainerThe total consideration is C $68 million. The proceeds will be used to redeem some of the notes issued by the group.

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China Olympic Garden subsidiary reached an agreement with Winnet CapitalRoulettetrainerThe total consideration for the sale of shares for sale is about 3Roulettetrainer. 9.1 billion Hong Kong dollars] China Olympic Park announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary and buyer Winnet Capital had signed an agreement under which the seller agreed to sell and the buyer agreed to buy the target shares for a total consideration of C $68 million, equivalent to about HK $3.Roulettetrainer91 million yuan. The announcement revealed that the group is expected to receive a net value of about C $66.5 million after deducting related transaction costs.

According to the announcement, the Chinese Olympic Garden is expected to confirm an estimated loss of about C $17.9 million after the sale. The Group plans to use the proceeds from this transaction to redeem some of the notes issued by the Group.

China Olympic Park further introduced that the target company is a limited company established under the law of Ontario, Canada, mainly engaged in investment holding. The main asset of the company is the M2M project. After the completion of the sale, the target company will still be a subsidiary of the company.

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