Brief: Kerry Properties Announces Sale Of Qianhai Units For A Total Of RMB73.2 Mln

Kerry Properties

15/11/2018 09:31

Nov 15 (Reuters) - Kerry Properties Ltd  0683.HK :
    * ANNOUNCES SALE OF QIANHAI UNITS
    * DEAL FOR TOTAL CONSIDERATION OF  RMB73.2 MILLION
    * PROCEEDS OF SALE OF QIANHAI UNITS EXPECTED TO BE USED AS
PAYMENT
OF CONSTRUCTION COST OF QIANHAI KERRY CENTRE
    * ENTERS AGREEMENTS WITH JINSHENG, TAIJIN, TAIJING, TAIYAO
AND
YAOJU FOR SALE OF QIANHAI UNITS
    * IT IS EXPECTED THAT GROUP WILL RECORD A GAIN OF
APPROXIMATELY
RMB44 MILLION FROM SALE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3bRZ2Y
Further company coverage:  0683.HK 

 (Reuters.Briefs@thomsonreuters.com)