Brief: China Sandi Holdings says unit entered into fujian and xian agreement

China Sandi Holdings

15/12/2016 15:00

Dec 15 (Reuters) -    China Sandi Holdings Ltd  0910.HK  
    * Purchaser and vendor entered into xian agreement 
    * Purchaser agreed to acquire and vendor agreed to sell xian 
equity (being 95% of equity interests of xian company) and xian 
loan 
    * Purchaser is fujian sinco industrial co., ltd and vendor 
is fujian gaojia real estate development co ltd 
    * Purchaser, an indirect wholly-owned subsidiary of company, 
and vendor entered into fujian agreement 
    * Purchaser agreed to acquire and vendor agreed to sell 
fujian equity (being 95% of equity interests of fujian company) 
and fujian loan 
    * Deal at an aggregate consideration of rmb455.8 million 
    * Deal for xian agreement at cash consideration of rmb202.4 
million 
 
 
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    Source text for Eikon:  ID:nHKS31SqKd  
    Further company coverage:  0910.HK  
 
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