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7 months ago
BRIEF-Baoxin Auto Group updates on disposal of 70% equity interest of Wuxi Kailong Real Estate Co
December 28, 2016 / 11:16 AM / 7 months ago

BRIEF-Baoxin Auto Group updates on disposal of 70% equity interest of Wuxi Kailong Real Estate Co

1 Min Read

Dec 28 (Reuters) - Baoxin Auto Group Ltd

* Shanghai Kailong Qimao Hongqiao entered into sale and purchase agreement with Guangxi Guanghui

* Deal pursuant to which Shanghai Kailong Qimao Hongqiao has agreed to sell, and Guangxi Guanghui has agreed to purchase 70% equity interest of Wuxi Kailong

* Consideration for disposal is rmb88.5 million

* Gain in an amount of approximately rmb30.3 million Source text for Eikon: Further company coverage:

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