Brief: CIFI Says Shandong Zhongzheng Conditionally Agreed With Liaocheng Xuyin To Develop Dezhou Project In Shandong Province

CIFI Holdings (Group)

04/12/2023 14:54

Dec 4 (Reuters) - CIFI Holdings (Group) Co Ltd
 0884.HK :
    * SHANDONG ZHONGZHENG CONDITIONALLY AGREED WITH LIAOCHENG
XUYIN TO
DEVELOP DEZHOU PROJECT LOCATED IN SHANDONG PROVINCE
    * DEAL VIA JV ARRANGEMENT UNDER WHICH SHANDONG ZHONGZHENG TO
PURCHASE FROM LIAOCHENG XUYIN 51% STAKE IN DEZHOU XUHENG REAL
ESTATE
    * DEAL FOR RMB220.6 MILLION
    * EXPECTS TO RECORD A LOSS OF ABOUT RMB214.7 MILLION FROM
DISPOSAL

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