Brief: Baoxin Auto Group updates on disposal of 70% equity interest of Wuxi Kailong Real Estate Co

Grand Baoxin Auto

28/12/2016 11:01

Dec 28 (Reuters) - Baoxin Auto Group Ltd  1293.HK  
    * Shanghai Kailong Qimao Hongqiao entered into sale and 
purchase agreement with Guangxi Guanghui 
    * Deal pursuant to which Shanghai Kailong Qimao Hongqiao has 
agreed to sell, and Guangxi Guanghui has agreed to purchase 70% 
equity interest of Wuxi Kailong 
    * Consideration for disposal is rmb88.5 million 
    * Gain in an amount of approximately rmb30.3 million 
 
Source text for Eikon:  ID:nHKS6zM2L6  
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