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First Shanghai Investments completes disposal of China Assets shares

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First Shanghai Investments completes disposal of China Assets shares

Hong Kong-based First Shanghai Investments Ltd. said April 8 that itcompleted the disposal of 33.25% shares in China Assets Holdings Ltd.to New Synergies Investments Co. Ltd.

The company sold 25,522,866 shares in China Assets forHK$4.086 apiece for a total of about HK$104.3 million.

Upon completion, China Assets ceased to be an associatedcompany of the group.

Both China Assets and New Synergies Investments are incorporatedin Hong Kong.