Brief: Guocoland Announces Sale Of Guoman Hotel Shanghai

Guocoland

10/04/2020 12:30

April 10 (Reuters) - GuocoLand Ltd  GUOC.SI :
    * ANNOUNCES SALE OF GUOMAN HOTEL SHANGHAI
    * UNIT ENTERS DEAL WITH SHANGHAI ZHENGJIU INDUSTRIAL CO FOR
SALE
OF SHXHL'S GUOMAN HOTEL IN SHANGHAI WITH 256 UNDERGROUND CAR
PARKING SPACES
    * DEAL FOR AN AGGREGATE CONSIDERATION OF RMB1.44 BILLION
    * UPON COMPLETION OF TRANSACTION, GUOCOLAND GROUP IS
EXPECTED TO
RECOGNISE A NET GAIN OF ABOUT S$90.6 MILLION

Source text for Eikon:  ID:nSNZ7h9jGS 
Further company coverage:  GUOC.SI 

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