• Fri
  • Dec 19, 2014
  • Updated: 12:00am

Sale less than NAV

PUBLISHED : Wednesday, 12 March, 1997, 12:00am
UPDATED : Wednesday, 12 March, 1997, 12:00am

United Pacific Industries says it will sell one of its subsidiaries to an executive director for less than the estimated net asset value.

The executive director Lam Yin-kee will pay $4.66 million for the shares of Allcomm (HK), against Allcomm's estimated net asset value of $5.73 million as at March 31 this year.


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