Brief: Shenzhen Investment Announces Disposal Of Equity Interest In A Subsidiary

Shenzhen Investment

13/11/2023 10:45

Shenzhen Investment  0604.HK  
    * DISPOSAL OF EQUITY INTEREST IN, AND SHAREHOLDER'S LOAN TO,
A
SUBSIDIARY
    * MINIMUM BIDDING PRICE FOR PROPOSED DISPOSAL IS RMB1.80 BLN
    * EXPECTS TO RECORD GAIN BEFORE TAX FROM CHANGES IN FAIR
VALUE OF
PROPERTIES OF RMB152 MLN
    * UNIT PROPOSES TO DISPOSE OF ITS ENTIRE EQUITY INTEREST IN
SHENZHEN CITY AGRICULTURAL LEASE MANAGEMENT


Further company coverage:  0604.HK 

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