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BJ Sports & Ent (01803) to sell logistics unit for Rmb8m
Beijing Sports and Entertainment Industry Group
(01803) said it agreed to sell the entire issued share capital of Pacific Empire Logistics
Limited for Rmb8 million.
  Upon completion, the Group will receive proceeds of the disposal of about Rmb8 million.
The net proceeds will be used as general working capital of the Group. It is estimated 
that Beijing Sports and Entertainment will realize an unaudited gain on disposal for 
around HK$30.87 million.
  Beijing Sports and Entertainment believes the disposal presents a good opportunity for 
the Group to downsize provision of the air freight service in the wholesale market, thus 
improve the Group's financial and liquidity position and its cash flow, and provide
further resources to enable the Group to invest in its sport-related businesses.

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