Brief: JY Grandmark Says Shaanxi Trust To Transfer 35.7% Stake In Guangzhou Xinze Jiyong Real Estate Development To Guangzhou Yinong

JY Grandmark Holdings

09/12/2021 10:20

Dec 9 (Reuters) - JY Grandmark Holdings Ltd  2231.HK :
    * SHAANXI TRUST TO TRANSFER 35.7% STAKE IN GUANGZHOU XINZE
JIYONG
REAL ESTATE DEVELOPMENT TO GUANGZHOU YINONG
    * SHAANXI TRUST TO TRANSFER 34.3% STAKE IN GUANGZHOU XINZE
JIYONG
REAL ESTATE DEVELOPMENT TO GUANGZHOU JINKE
    * CONSIDERATION OF TRANSFER OF 35.7% EQUITY INTEREST IS
ABOUT
RMB215.6 MILLION
    * GUANGZHOU XINZE JIYONG REAL ESTATE DEVELOPMENT TO BE OWNED
BY
GUANGZHOU YINONG AND GUANGZHOU JINKE AS TO 51% AND 49%
RESPECTIVELY
    * CONSIDERATION OF TRANSFER OF 34.3% STAKE IS ABOUT RMB207.1
MILLION

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Further company coverage:  2231.HK 

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