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BRIEF-Yuexiu Property announces transaction in relation to dispose Target Commercial Properties
June 26, 2017 / 2:11 PM / in a month

BRIEF-Yuexiu Property announces transaction in relation to dispose Target Commercial Properties

1 Min Read

June 26 (Reuters) - Yuexiu Property Co Ltd:

* Guangzhou Yuehui Property Development and Guangzhou Yuexiu Development Group entered into sale and purchase agreement​

* Deal for a total consideration of rmb448 million

* Guangzhou Yuehui Property Development agreed to sell Target Commercial Properties for a total consideration of rmb448.0 million

* It is expected that Group will record a gain of approximately rmb159.6 million as a result of disposal Source text for Eikon: Further company coverage:

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