Hartcourt Companies (fka HRCT)

[Tin-Berrygood]

A little something I picked up in the last filing..Let me know if it helps or you want to reword your question...Lemme know..
ALoha

In April of 2003, Hopeful Internet Technology Limited ("HIT"), a 51% owned subsidiary of the Company (Hrct), disposed off its wholly owned foreign subsidiary, Shanghai Sinobull Information Corp. Ltd. to a non-related party (GTI). According to the sales agreement, HIT received 57,826,793 common shares (or equivalent to 17% ownership) of the buyer. The company recorded a loss of $69,123 in connection with the disposal.