Brief: Hon Kwok Land Investment Co Updates On Disposal Of Unit In PRC

Chinney Investments

18/12/2017 14:52

Dec 18 (Reuters) - Hon Kwok Land Investment Co Ltd 
 0160.HK : 
    * UNIT TO SELL TO GUANGZHOU LANGXIU MANAGEMENT CONSULTING A 
PRC 
COMPANY, FOR A CASH CONSIDERATION OF RMB230 MILLION 
    * UPON COMPLETION OF DISPOSAL, HON KWOK GROUP AND CHINNEY 
GROUP 
EXPECTS NET GAIN OF HK$95 MILLION AND HK$65 MILLION RESPECTIVELY 
    * HON KWOK TO ASSIGN GUANGZHOU LANGXIU MANAGEMENT 
CONSULTING WITH 
LOAN OF RMB30 MILLION 
 
Source text for Eikon:  ID:nHKSbnjw1G  
Further company coverage:  0160.HK  
 
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