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FINWIRES

Eternity Investment Unit, Director Dispose Of Stake in China Healthwise

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Eternity Investment (HKG:0764) unit Eternity Finance and executive director Lei Hong Wai agreed to sell around 169 million and 18.7 million respective shares in China Healthwise (HKG:0348).

The shares, representing an 18.3% and 2% stake in China Healthwise, respectively, were sold to Hwa Sheng International Investment at HK$0.08 apiece, a Friday bourse filing showed.

The company will receive a consideration of around HK$13.5 million from the disposal and cease to hold any stake in China Healthwise following completion.

Proceeds will be used to repay a margin loan, as well as for general working capital.

What else is happening in Asia?

Asia

Japan Hotel REIT Investment Secures New Term Loans

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TYO:8985
Asia

Tamawood Declares Dividend

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ASX:TWD
Asia

Lefroy Exploration Expands Western Australia Project Scoping Study

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ASX:LEX