Brief: China Aoyuan Says Aoyuan City Renewal To Sell 5% Stake In Zhuhai Aoyuan Huafu Property

China Aoyuan

03/02/2023 14:57

Feb 3 (Reuters) - China Aoyuan  3883.HK :
    * ON 6 JAN, AOYUAN CITY RENEWAL AGREED TO SELL 5% STAKE IN
ZHUHAI
AOYUAN HUAFU PROPERTY FOR RMB48.7 MILLION
    * ON 6 JAN AOYUAN COMMERCIAL ENTERED DEAL TO SELL 55% EQUITY
INTEREST IN ZHUHAI AOYUAN HUAFU PROPERTY AT CONSIDERATION OF
RMB535.7 MILLION
    * GROUP IS EXPECTED TO RECOGNISE AN ESTIMATED LOSS OF
APPROXIMATELY RMB312.5 MILLION FROM DISPOSALS

Source text for Eikon:  ID:nHKSbsTVFJ 
Further company coverage:  3883.HK 
 ((Reuters.Briefs@thomsonreuters.com;))