April 16 (Reuters) - Merchant House International Ltd MHI.AX :
* MERCHANT HOUSE INTERNATIONAL LTD - DISPOSAL OF CARSAN MANUFACTURING-MHI.AX
* MERCHANT HOUSE INTERNATIONAL LTD - AGREED TO DISPOSE OF CARSAN (SHUNDE) MANUFACTURING CO LTD
* MERCHANT HOUSE INTERNATIONAL LTD- STAFF TERMINATIONS AND OUTSTANDING VENDOR PAYMENTS WILL COMPRISE US$3.8 MILLION FROM SALE PROCEEDS
* MERCHANT HOUSE INTERNATIONAL LTD - AGREEMENT HAS BEEN EXECUTED WITH FOSHAN XIONGYING LOGISITICS WHEREBY XIONGYING ACQUIRES CARSAN FOR RMB135 MILLION