Brief: Landsea Green Group Updates On Disposal Of Certain Target Cos

Landsea Green Management

14/05/2019 15:40

May 14 (Reuters) - Landsea Green Group Co Ltd  0106.HK :
    * SHANGHAI LANGYU TO SELL, AND LANDSEA GROUP TO PURCHASE
ENTIRE
STAKE UNIT OF CO FOR RMB271 MILLION
    * UNITS TO SELL, LANDSEA GROUP TO PURCHASE OUTSTANDING LOANS
DUE
FROM SHANGHAI LANDSEA APARTMENT INDUSTRY DEVELOPMENT CO TO UNITS
    * TOTAL CONSIDERATION PAYABLE UNDER FIRST AGREEMENT AMOUNTS
TO NOT
MORE THAN RMB899.4 MILLION
    * GROUP EXPECTS A GAIN BEFORE TAX OF RMB27.1 MILLION  AS A
RESULT
OF DISPOSAL OF SHANGHAI LANDSEA APARTMENT INDUSTRY DEVELOPMENT
CO

Source text for Eikon:  ID:nSNZQ1GSw 
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