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Freeman (0279) reverses purchase of stake in Liu's holdings, takes loss of HK$76.8m | Circular
Company announcement, 18-May-2011
Unable to obtain legal title to the shares in Liu's holdings which Freeman has already paid for, it sells the beneficial interest back to the parents of Andrew Liu, it's Chairman and substantial shareholder, and they benefit by the same amount, HK$76.8m.
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