December 19, 2017 / 10:52 AM / a month ago

BRIEF-Shui On Land Disposes Stake in Shanghai Rui Hong Xin Cheng Co Ltd

Dec 19 (Reuters) - Shui On Land:

* DISPOSAL OF 21.4% EQUITY INTEREST IN SHANGHAI RUI HONG XIN CHENG CO., LTD. REPRESENTING 49.5% OF THE PARTNERSHIP PORTFOLIO

* CONSIDERATION FOR DISPOSAL OF SALE EQUITY SHALL BE AN INITIAL AMOUNT OF RMB3.87 BILLION​

* ‍TRANSACTIONS ARE ESTIMATED TO GENERATE A GAIN OF ABOUT HK$1.41 BILLION​

* ‍SALE EQUITY, REPRESENTING 49.5% OF PARTNERSHIP PORTFOLIO(VIA PROJECT COMPANY) WILL BE TRANSFERRED FROM VENDOR TO CHINA LIFE FUND​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below