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BRIEF-Boustead Holdings Says Unit Entered Sale & Purchase Agreement With Every Room A Home

March 15 (Reuters) - Boustead Holdings Bhd:

* UNIT ENTERED SALE AND PURCHASE AGREEMENT WITH EVERY ROOM A HOME FOR DISPOSAL OF ROYALE CHULAN BUKIT BINTANG HOTEL FOR 197 MILLION RGT

* CO INTENDS TO USE 184 MILLION RGT OF DISPOSAL CONSIDERATION TO REPAY PART OF ITS BANK BORROWINGS BY Q3 OF 2019

* EXPECTED TO REALISE AN ESTIMATED GAIN OF ABOUT 92 MILLION RGT UPON COMPLETION OF DISPOSAL Source text: [ID:https://bit.ly/2EXVxs0] Further company coverage: (Reuters.Briefs@thomsonreuters.com)