Brief: Shanghai Industrial Says Disposal Of Stake And Shareholder's Loan In Unit

Shanghai Industrial Holdings

19/12/2022 10:30

Dec 19 (Reuters) - Shanghai Industrial  0363.HK :
    * DISPOSAL OF EQUITY INTEREST AND SHAREHOLDER'S LOAN IN A
SUBSIDIARY
    * UNITS OFFERED TO SELL SHAREHOLDER'S LOAN OWED BY SHANGHAI
SHISEN
TO SI DEVELOPMENT IN PRINCIPAL AMOUNT OF RMB4.32 BILLION
    * BASED ON PRELIM ASSESSMENT, ESTIMATED THAT SI DEVELOPMENT
WILL
RECORD UNAUDITED GAIN AFTER TAXATION ON DISPOSAL OF RMB139
MILLION
    * UNITS OFFERED TO SELL 90% EQUITY INTEREST IN SHANGHAI
SHISEN
    * UNITS TO SELL SHANGHAI SHISEN  SHAREHOLDER'S LOAN IN
AMOUNT OF
RMB422.4 MILLION THROUGH PUBLIC TENDER ON SHANGHAI ASSETS
EXCHANGE
    * AIA LIFE INSURANCE COMPANY SUCCEEDED IN OPEN BID IN
RESPECT OF
90% STAKE IN SHANGHAI SHISEN FOR RMB291.4 MILLION

Further company coverage:  0363.HK 
 ((Reuters.Briefs@thomsonreuters.com;))