Nov 19 (Reuters) - 8I Holdings Ltd 8IH.AX :
* ENTERED INTO A SALE AND PURCHASE AGREEMENT FOR SALE OF 41.2% EQUITY INTEREST IN SHANGHAI RONG DAO CULTURE COMMUNICATION CO. LTD
* DEAL FOR RMB 686,680
* WILL RECOGNISE UNAUDITED DISPOSAL GAIN OF ABOUT S$100,000 FROM TRANSACTION
* GROUP'S EFFECTIVE INTEREST IN RONG DAO WILL BE REDUCED FROM 39.8% TO 13.0%