Goldin Financial shares jump after stake sale in 2 projects

Goldin Financial Holdings

25/04/2018 03:01

** Goldin Financial  0530.HK  shares jump as much as 17.7
pct to a near 4-month high after trading resumes
    ** The company sells majority interests in two residential
development to chairman for a total of HK$12.4 bln ($1.58 bln)
 urn:newsml:reuters.com:*:nFWN1S113N
    ** The company expects to post pre-tax gains of HK$64.3
billion after the sales 
    ** It also buys remaining 40 pct interests of a Hong Kong
office tower from chairman for HK$5.61 bln 
    ** Company says the two residential developments have
appreciated over one fold since it bought the land parcels in
2016, the sale would help to lock-in the gains
    ** The stock halted trading since April 10
    ** Hang Seng Index  .HSI  is down 1 pct

($1 = 7.8472 Hong Kong dollars)

 ((Reuters Messaging: clare.jim.thomsonreuters.com@reuters.net))