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2007-5-11 11:29:00 a.m. HKT, XFNA
Hong Kong-listed Eagle Nice's shareholder sells stake to boost public float
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HONG KONG (XFN-ASIA) - Eagle Nice (International) Holdings Ltd said its
major shareholder, Time Easy Investment Holdings Ltd, has sold 18 mln shares
at 1.56 hkd each to boost Eagle Nice's public float.
The company said in a statement that Time Easy sold the shares to an
individual investor for 28 mln hkd. The sale represents about 4.22 pct of the
company's issued share capital.
Time Easy's stake in the company has been reduced to 22.28 pct from 26.50
pct following the sale.
At 11.20, Eagle Nice was up 0.06 hkd or 2.94 pct at 2.10.
(1 usd = 7.8 hkd)
leonora.walet@xfn.com
lw/kmq xfnlwm/xfnkm
MMMM
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