Hopewell Holdings Ltd (0054.HK)
* EXPECTS IT WILL BE DIFFICULT FOR HOPEWELL NEW TOWN TO ACHIEVE ORIGINAL FY18 SALES BOOKING TARGET OF RMB500 MILLION Source text for Eikon: Further company coverage:
* WU REMAINS AS A MANAGING DIRECTOR Source text for Eikon: Further company coverage:
* APPROVED PROPOSED DISPOSAL OF 66.69 PCT OF ISSUED HHI SHARES Source text for Eikon: Further company coverage:
HONG KONG, Dec 29 An infrastructure unit of Hong Kong's family-run Hopewell Holdings Ltd is to sell its majority stake to the Shenzhen municipal government's flagship investment firm for HK$9.87 billion ($1.26 billion), the company said on Friday.
* UNIT TO SELL 66.69% STAKE IN HOPEWELL HIGHWAY INFRASTRUCTURE FOR HK$4.80 PER HHI SHARE