Brief: Kwg Group Announces Disposal Of 50% Equity Interest In A Joint Venture

KWG group

16/11/2022 13:09

Nov 16 (Reuters) - KWG Group Holdings Ltd  1813.HK :
    * DISPOSAL OF 50% EQUITY INTEREST IN A JOINT VENTURE
    * DISPOSAL FOR ABOUT RMB371 MILLION
    * SHINY RED & CHENGDU YIZHIHUIHENG ENTERPRISES MANAGEMENT
ADVISORY
TO BUY 28.57% OF ISSUED SHARE CAPITAL OF CENTRAL PATH
    * EXPECTED TO RECORD PROFIT AFTER TAX OF ABOUT RMB14 MILLION
FROM
DISPOSAL
    * SHINY RED & CHENGDU YIZHIHUIHENG ENTERPRISES MANAGEMENT
ADVISORY
TO BUY & 30% OF PAID-UP CAPITAL OF CHENGDU HONGYU REAL ESTATE
DEVELOPMENT

Source text for Eikon:  ID:nHKS3lHc5H 
Further company coverage:  1813.HK 
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