October 2, 2017 / 12:49 PM / a year ago

BRIEF-Shui On Land says unit as vendor entered agreement with Wisdom Forever Limited Partnership

Oct 2 (Reuters) - Shui On Land Ltd

* Unit as vendor entered into sale and purchase agreement with Wisdom Forever Limited Partnership

* Agreement in relation to sale and purchase of 49 pct equity interest in target companies

* Agreement in relation to assignment of sale shareholder loans at initial purchase price of about RMB2.95 billion

* Upon closing, each target co will be a unit of co in which vendor will hold 51 pct of equity and purchaser will hold 49 pct of equity

* Total net proceeds from disposal attributable to group will be RMB2.75 billion Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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