Salomon expects New World Infrastructure profit HK$10.45mln from stake disposing

Salomon Smith Barney said New World Infrastructure (0301) have cashed HK$28.90mln by disposing of 10.85mln shares in Shenyang Public Utility (0747) at HK$2.575 to HK$2.8 each within the period of June20 to June22. As the shares were acquired at HK$1.7 each at the end of 1999, the company can secure net profit of HK$10.45mln.

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