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4 months ago
BRIEF-New Century Real Estate Investment Trust says unit enters agreement with Hangzhou Industrial & Commercial Trust
March 24, 2017 / 2:45 PM / 4 months ago

BRIEF-New Century Real Estate Investment Trust says unit enters agreement with Hangzhou Industrial & Commercial Trust

1 Min Read

March 24 (Reuters) - New Century Real Estate Investment Trust

* New Century Reit (through its wholly-owned subsidiary, Full Wise Hk) entered into share purchase agreement with purchaser

* Consideration is equal to agreed property value of rmb800 million

* deal for disposal of entire registered capital of target company to purchaser

* Target company is Lishui Full Wise Hotel Management Limited, purchaser is Hangzhou Industrial & Commercial Trust Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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