Brief: Shanghai Industrial Holdings Announces Acquisition Of Equity Interests In Shanghai Dongyi Property

Shanghai Industrial Holdings

15/10/2021 16:25

Oct 15 (Reuters) - Shanghai Industrial Holdings Ltd
 0363.HK :
    * ACQUISITION OF EQUITY INTERESTS IN SHANGHAI DONGYI
PROPERTY
    * SIIC DONGTAN INVESTMENT TO TRANSFER 40% STAKE IN SHANGHAI
DONGYI
PROPERTY TO SIUD HEALTHCARE MANAGEMENT
    * TRANSFER OF STAKE FOR RMB48.3 MILLION
    * SIUD HEALTHCARE MANAGEMENT WILL CONTRIBUTE RMB72 MILLION
IN CASH
TO SHANGHAI DONGYI PROPERTY
    * SIIC DONGTAN INVESTMENT AND TRANSFEREES WILL MAKE AN
AGGREGATE
CAPITAL CONTRIBUTION OF RMB180 MILLION TO SHANGHAI DONGYI
PROPERTY

Further company coverage:  0363.HK 

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