Brief: Agile Group Announces Disposal Of Equity Interests In- Three Project Companies

China Overseas Grand Oceans

28/01/2022 14:12

Jan 28 (Reuters) - Agile Group Holdings Ltd  3383.HK :
    * DISPOSAL OF EQUITY INTERESTS IN- THREE PROJECT COMPANIES-
AND-
ASSIGNMENTS OF RELATED SHAREHOLDER'S LOANS
    * UNIT TO SELL 24% STAKE IN YIWU HAICHUANG PROPERTY
DEVELOPMENT
AND ITS SHAREHOLDERS LOANS FOR RMB423.3 MILLION
    * UNIT TO SELL 33% OF XUZHOU WEITUO PROPERTY DEVELOPMENT CO
& SALE
LOAN TO UNIT OF CHINA OVERSEAS GRAND OCEANS FOR RMB271. 4
MILLION
    * UNIT TO SELL 33% STAKE IN XUZHOU RUNYAO PROPERTY CO AND
ITS
SHAREHOLDER LOANS FOR RMB305.2 MILLION
    * GROUP SHALL RECEIVE TOTAL GROSS PROCEEDS IN AMOUNT OF RMB1
BILLION FROM TRANSACTIONS

Further company coverage:  3383.HK 

 ((Reuters.Briefs@thomsonreuters.com;))