Brief: Shenzhen Says Unit Proposes To Dispose Of Its 35.7% Stake In United Land Co

SHENZHEN INTERNATIONAL HOLDINGS

21/10/2021 12:04

Oct 21 (Reuters) - Shenzhen International Holdings Ltd
 0152.HK :
    * SHENZHEN INTERNATIONAL -  UNIT PROPOSES TO DISPOSE OF ITS
35.7%
STAKE IN UNITED LAND CO
    * SHENZHEN INTERNATIONAL -  BASE PRICE OF TRANSFER IS
RMB2,788
MILLION
    * SHENZHEN INTERNATIONAL -  FINAL CONSIDERATION WILL DEPEND
ON
FINAL BID PRICE PROVIDED THAT IT IS NOT LESS THAN BASE PRICE OF
TRANSFER
    * SHENZHEN INTERNATIONAL-SUCCESSFUL BIDDER WILL ENTER INTO
ASSET
TRANSACTION AGREEMENT WITH CO

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 (Reuters.briefs@thomsonreuters.com)