Brief: S E A Holdings Announces Disposal Of 50% Interests In JV Co

Hon Kwok Land Investment

23/12/2022 10:31

Dec 23 (Reuters) - S E A Holdings Ltd  0251.HK :
    * DISPOSAL OF 50% INTERESTS IN JV COMPANY
    * CO AND HON KWOK LAND INVESTMENT COMPANY HAVE AGREED TO
ESTABLISH
A JOINT VENTURE IN JV COMPANY
    * JV CO HOLDING LAND IN REPULSE BAY, HK FOR CONSTRUCTION AND
DEVELOPMENT INTO LUXURY RESIDENCES
    * TO PROCURE SOUTH BAY DEVELOPMENTS TO RESPECTIVELY SELL 50%
OF
ISSUED SHARES IN JV CO, ASSIGN 50% OF SHAREHOLDER'S LOANS TO HKL

Further company coverage:  0251.HK 
 ((Reuters.Briefs@thomsonreuters.com;))