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    978 — China Merchants Land News Story

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    Brief: China Merchants Says Unit Agreed To Sell 51% Stakes In Foshan Kaida City Investment Development

    Picture of China Merchants Land logoChina Merchants Land
    24/11/2022 11:30
    Nov 24 (Reuters) - China Merchants Land Ltd  0978.HK :
    * UNIT AGREED TO SELL 51% STAKES IN FOSHAN KAIDA CITY
INVESTMENT
DEVELOPMENT
    * UNIT AGREED TO SELL SHAREHOLDER'S LOAN OWED BY FOSHAN
KAIDA CITY
INVESTMENT DEVELOPMENT TO GUANGZHOU MERCHANTS OF RMB53 MILLION
    * DEAL FOR RMB408.0 MILLION
    * EXPECTED TO RECORD GAIN ON DISPOSAL OF RMB124.6 MILLION

Source text for Eikon:  ID:nHKS9D3q7M 
Further company coverage:  0978.HK 
 (Reporting by Poonam Behura)
 ((Poonam.Behura@thomsonreuters.com;))

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