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BRIEF-Shui On Land says unit ‍disposed share interest and related loans in Richcoast Group
November 14, 2017 / 1:55 PM / 10 days ago

BRIEF-Shui On Land says unit ‍disposed share interest and related loans in Richcoast Group

Nov 14 (Reuters) - Shui On Land Ltd:

* Announces ‍disposal of 61.54% share interest and related loans in Richcoast Group Limited​

* ‍Deal for total transaction amount, being RMB3,160 million​

* Unit and Shui On Development entered sale and purchase agreement with Many Gain International and Yida

* ‍Group expects to recognise a loss of approximately RMB495 million on transaction​

* ‍Unit to sell 61.54% of issued share capital of Richcoast, offshore loans and assignable onshore debts Source text for Eikon: Further company coverage:

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