Brief: China New Town Development Says Top Shareholder To Transfer 29.99% Stake To Xitong

China New Town Development

11/06/2021 16:11

June 11 (Reuters) - China New Town Development Co Ltd
 1278.HK :
    * CHINA DEVELOPMENT BANK INTERNATIONAL SIGNED SHARE TRANSFER
AGREEMENT IN RESPECT OF ABOUT 29.99% SHARES OF CO
    * CHINA NEW TOWN DEVELOPMENT SAYS CDBIH TO TRANSFER 2.92
BILLION
SHARES OF CO TO XITONG INTERNATIONAL AT RMB 0.4080 SHARE
    * UPON SHARE TRANSFER, CDBIH WILL STILL HOLD 2.43 BILLION
SHARES
OF CO & WILL BECOME SECOND LARGEST SHAREHOLDER OF CO


Further company coverage:  1278.HK 

 (Reuters.Briefs@thomsonreuters.com)