Brief: Shanghai Zendai Property says unit is expected to enter into definitive agreement with Shanghai Oriental Pearl Real Estate

DevGreat

18/10/2016 12:11

Oct 18 (Reuters) - Shanghai Zendai Property Ltd  0755.HK  
    * Transaction in relation to acquisition of 50% equity 
interests and sale loan of target company by public auction 
    * Purchaser agreed to acquire target company at total 
consideration of RMB177.60 million 
    * Shanghai Zendai Real Estate is expected to enter into 
definitive agreement with Shanghai Oriental Pearl Real Estate 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4SZwzy 
Further company coverage:  0755.HK  
 
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