Brief: SEA Holdings announces disposal of property development project
22/08/2016 13:54
Aug 22 (Reuters) - S E A Holdings Ltd 0251.HK : * Sea holdings-Asian growth properties limited - disposal of property development project in Chengdu, sichuan province, the prc 0251.HK * Says vendor (a direct wholly-owned subsidiary of agp) has entered into the sale agreement with the purchaser * Deal in relation to the conditional disposal to the purchaser of the target group * Deal for for the consideration of hk$890 million in cash * Gain from the disposal before transaction costs and expenses is expected to be approximately hk$126.1 million * Intends to apply net proceeds for future investment into its other development and investment projects and other potential real estate projects * Source text for Eikon ID:nHKSfT0y3 * ((Further company coverage: 0251.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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