Brief: Transport International Says Disposal Of 50% Stake In TM Properties Investment

Sun Hung Kai Properties

09/11/2020 15:20

Nov 9 (Reuters) - Transport International Holdings Ltd
 0062.HK :
    * DISPOSAL OF 50% EQUITY INTEREST IN TM PROPERTIES
INVESTMENT
LIMITED
    * UNIT, MEGA ODYSSEY,CO, SUN HUNG KAI PROPERTIES, TMPI WILL
ENTER
SHAREHOLDERS AGREEMENT
    * TM PROPERTIES HOLDINGS TO SELL 50% STAKE IN TMPI, ASSIGN
50% OF
LOAN OWED BY TMPI, TO MEGA ODYSSEY FOR TOTAL HK$750.5 MILLION
    * SHAREHOLDERS AGREEMENT FOR MANAGEMENT OF TMPI AND
DEVELOPMENT OF
PROPERTY
    * PROJECT COSTS CURRENTLY ESTIMATED TO BE ABOUT HK$5.80
BILLION

Source text for Eikon:  ID:nHKS2Ghchj 
Further company coverage:  0062.HK 

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