Wheelock and Co Ltd (0020.HK)
18 May 2018
Mon, Mar 12 2018
* FY PROFIT ATTRIBUTABLE TO EQUITY SHAREHOLDERS WAS HK$20,570 MILLION VERSUS HK$16,294 MILLION
HONG KONG China's HNA Group [HNAIRC.UL] is selling a land parcel in Hong Kong to local developer Wheelock and Co Ltd for $811.1 million (587.5 million pounds), the latest in a string of global asset disposals to ease its liquidity crunch.
HONG KONG China's HNA Group is selling a land parcel in Hong Kong to local developer Wheelock and Co Ltd for $811.1 million, the latest in a string of global asset disposals to ease its liquidity crunch.
* Wheelock purchase adds to expanding portfolio in HK (Updates to say HNA's Park Hotels stake sale happened this week)
HONG KONG, March 9 Wheelock and Co Ltd said on Friday it would buy a residential site from a HNA Group unit for HK$6.36 billion ($811.1 million), as the developer expands its development property portfolio in Hong Kong's Kai Tak area.
* DEAL FOR TOTAL CONSIDERATION OF HK$6,359.2 MILLION Source text for Eikon: Further company coverage: