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BRIEF-Greentown China Holdings says unit entered into disposal agreement
May 8, 2017 / 1:25 AM / 3 months ago

BRIEF-Greentown China Holdings says unit entered into disposal agreement

May 8 (Reuters) - Greentown China Holdings Ltd:

* Sellers, each being a unit of co, enters into Yinshi disposal agreement and Litao disposal agreement with China investment development

* Total consideration for Yinshi disposal and Litao disposal are approximately rmb1,785 mln and rmb1,691 mln

* Expects to record an estimated gain of about rmb1.26 billion

* Agreement in relation to disposal of entire equity interest in Greentown Yinshi and Hangzhou Litao by Yinshi Seller Source text for Eikon: Further company coverage:

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