Brief: Sino land Co says unit entered into an equity transfer agreement

Sino Land

07/09/2017 10:53

Sept 7 (Reuters) - Sino Land Co Ltd  0083.HK : 
    * Sinoland China Investment as vendor entered into an equity 
transfer agreement with Wealth Express Development in respect of 
disposal 
    * Wealth Express Development Limited agreed to purchase 80% 
equity interest in target co at total cash consideration of 
RMB8,767.5 million 
    * Upon completion Sino Land expects to record a gain on 
disposal of about HK$6.45 billion 
 
Source text: [http://bit.ly/2gJodcp] 
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