Brief: Landsea Green Properties Says Unit & Landsea Homes Entered Into Share Repurchase Deal

Landsea Green Management

02/06/2022 24:24

June 2 (Reuters) - Landsea Green Properties Co Ltd
 0106.HK :
    * UNIT & LANDSEA HOMES ENTERED INTO SHARE REPURCHASE
AGREEMENT
    * LHC AGREED TO SELL ABOUT 9.7% OF ISSUED & OUTSTANDING
SHARES OF
LSEA STOCK AT US$6.82 PER SHARE OF LSEA STOCK
    * TOTAL CONSIDERATION OF ABOUT US$30 MILLION
    * SHAREHOLDING OF LHC IN LANDSEA HOMES DECREASE FROM ABOUT
61.9%
TO ABOUT 57.8% AFTER COMPLETION OF SHARE REPURCHASE

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