Brief: Sunland Group Announces Conditional Sale Of land

Sunland

18/03/2021 01:21

March 18 (Reuters) - Sunland Group Ltd  SDG.AX :
    * CONDITIONAL SALE OF ITS 15,000SQM SITE FOR $43.5 MILLION
    * SALE OF BOTH CONTRACTS TO CONTRIBUTE ABOUT $4.3 MILLION
NET
PROFIT AFTER TAX IN FY2022
    * SALE INVOLVES TWO SEPARATE CONTRACTS, BOTH CONDITIONAL
UPON
RECONFIGURATION AND SUBDIVISION OF LAND.
    * CONSOLIDATED PROPERTIES GROUP WILL PROCEED WITH PURCHASE
OF
MAJOR PART OF LAND FOR $35.5 MILLION

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