Brief: Baoye Group Announces Disposal Of 33% Stake In Hebao (Nantong) Real Estate Development

DAIWA HOUSE INDUSTRY

29/03/2019 10:14

March 29 (Reuters) - Baoye Group Co Ltd  2355.HK :
    * ANNOUNCES DISPOSAL OF 33% EQUITY INTEREST IN HEBAO
(NANTONG)
REAL ESTATE DEVELOPMENT
    * DEAL FOR RMB307.3 MILLION
    * FROM DISPOSAL, CO WILL RECORD AN ESTIMATED GAIN OF ABOUT
RMB20.5
MILLION BEFORE TAXATION
    * UNIT TO SELL 33 PERCENT OF HEBAO (NANTONG) REAL ESTATE
DEVELOPMENT TO DAIWA HOUSE INDUSTRY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS29gf73
Further company coverage:  2355.HK 

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