Brief: Shanghai Industrial Urban Development Group announces transfer of equity interests in property management cos

Shanghai Industrial Urban Development

17/11/2017 11:10

Nov 17 (Reuters) - Shanghai Industrial Urban Development 
Group Ltd  0563.HK : 
    * Announces transfer of equity interests in two property 
management companies 
    * Unit SUD to transfer entire equity interest in Shenda to 
Shangshi Property for RMB70 million 
    * Shanghai Urban Development to transfer equity interest in 
SUD 
Commercial to Shanghai New Century for RMB17 million 
    * Co expects to record an estimated gain of about RMB34.2 
million 
before taxation  from Shenda equity transfer deal  
    * Expects to record estimated gain of about RMB5.8 million 
before 
taxation from SUD Commercial equity transfer deal 
 
Source text for Eikon:  ID:nHKSbTcY3d  
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