December 21, 2016 / 2:54 PM / 7 months ago

BRIEF-Yuzhou Properties Co Ltd says unit entered into equity transfer agreement

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Dec 21 (Reuters) - Yuzhou Properties Co Ltd

* Shenzhen Dongwo Runze agreed to purchase, 51.5% equity interests in project company

* Unit Yuzhou Grand Future, Shenzhen Dongwo Runze and project company entered into equity transfer agreement

* It is expected that a gain of approximately RMB14.6 million will be accrued to group as result of equity transfer

* Deal for consideration of RMB1.20 billion Source text for Eikon: Further company coverage:

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