Brief: Shanghai Zendai Property Proposes Disposal Of 70% Stake Of Yantai Zendai Thumb Property Co

DevGreat

11/08/2020 16:07

Aug 11 (Reuters) - Shanghai Zendai Property Ltd  0755.HK :
    * COMPANY PROPOSES TO DISPOSE OF SALE SHARES BY WAY OF
PUBLIC
TENDER THROUGH ALIBABA AUCTION PLATFORM
    * ZENDAI REAL ESTATE WILL ENTER INTO SALE AND PURCHASE
AGREEMENT
WITH SUCCESSFUL BIDDER IN RESPECT OF PROPOSED DISPOSAL.
    * MINIMUM BID PRICE FOR PROPOSED DISPOSAL IS RMB33.00
MILLION
WHEREAS CONSIDERATION SHALL DEPEND ON FINAL BID PRICE
    * SEES UNAUDITED LOSS FROM PROPOSED DISPOSAL OF ABOUT
HK$13.54
MILLION
    * PROPOSED DISPOSAL OF 70% STAKE OF YANTAI ZENDAI THUMB
PROPERTY
CO

Source text for Eikon:  ID:nHKS6fTQfD 
Further company coverage:  0755.HK 

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