Brief: Sino Land updates on disposal agreement

Sino Land

19/10/2015 11:14

Oct 19 (Reuters) - Sino Land Co Ltd  0083.HK : 
 * Disposal of interests in the target  0083.HK  
 * Deal for hk$3.50 billion 
 * Sino land co - vendor (an indirect wholly-owned subsidiary of Sino Land has 
entered into the disposal agreement with the purchase 
 * Sino land co - net gain arising from disposal is expected to be approximately 
hk$480 million for Sino Land and approximately hk$244 million for tst properties 
 * Says disposal agreement for the sale by the vendor of the sale shares and the 
assignment of the sale loan 
 * Says net proceeds from the disposal (after deducting transaction expenses) 
are estimated to be hk$3.5 billion 
 
 * Source text for Eikon  ID:nHKSb6sNfT  
 
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