Birmingham City in Sale talks #bcfc   Leave a comment

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Birmingham City’s Hong Kong-based owners have said they are in talks with two parties over the sale of the Championship club.

Carson Yeung, the major shareholder, was last year arrested in Hong Kong on money-laundering charges and shares in the company have been suspended since June 2011.

City’s parent company Birmingham International Holdings Ltd. (2309) said in a statement to the Hong Kong stock exchange it signed confidential non-disclosure agreements with two parties it declined to identify.

Talks are in their infancy, with “interested parties having sought and were furnished with electronic due diligence materials in relation to BCFC,” the statement said. “To the best of the board’s knowledge, information and belief, having made all reasonable enquiries, the prospective buyers and their ultimate beneficial owners are third parties independent of the company and its connected persons.” #bcfc

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Posted October 9, 2012 by Birmingham City Fans Forum in Birmingham City News

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