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BRIEF-Earthasia says unit entered into the Share Transfer Agreement with Yingying Shanghai

Reuters

March 27 (Reuters) - Earthasia International Holding Ltd * Disposal Of 45% Equity Interests Of Shanghai Teddy Friends Investment Management Limited * Earthasia Linkong agreed to sell, and Yingying Shanghai agreed to acquire sale shares, representing 45% equity interests of JV * Deal for consideration of RMB17.8 million * Earthasia Linkong, unit of company, entered into share transfer agreement with Yingying Shanghai * Expected that a gain of approximately RMB10.4 million will be accrued to group as result of disposal * Net proceeds of disposal used to financing other future potential investment opportunities and/or as general working capital Source text for Eikon: Further company coverage: