January 29, 2018 / 10:13 AM / 23 days ago

BRIEF-Ascendas Hospitality Trust Announces Sale Of Ascendas China Hotel Investment, Ascendas Hospitality China​

Jan 29 (Reuters) - Ascendas Hospitality Trust:

* ANNOUNCES ‍DIVESTMENT OF ASCENDAS CHINA HOTEL INVESTMENT AND ASCENDAS HOSPITALITY CHINA PTE LTD​

* ‍AGREED PURCHASE PRICE OF PROPERTIES RMB1,156.4 MILLION​

* ESTIMATED NET GAIN FROM DIVESTMENT OF ABOUT S$112.7 MILLION​

* ‍NET PROCEEDS FROM DIVESTMENT ESTIMATED TO BE RMB1,072.2 MILLION​ Source text for Eikon: Further company coverage:

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