Brief: Swire Properties To Sell Cityplaza Three And Cityplaza Four Properties For HK$15 Bln

Swire Properties

15/06/2018 12:41

June 15 (Reuters) - Swire Pacific Ltd  0019.HK :
    * ANNOUNCES SALE OF 100% INTEREST IN CITYPLAZA THREE AND
CITYPLAZA
FOUR PROPERTIES
    * DEAL FOR TOTAL CASH CONSIDERATION OF HK$15,000 MILLION
    * PROCEEDS FROM DISPOSAL WILL BE APPLIED TOWARDS GENERAL
WORKING
CAPITAL REQUIREMENTS OF SWIRE PROPERTIES
    * SWIRE PACIFIC EXPECTED TO RECORD ATTRIBUTABLE GAIN ON
DISPOSAL
OF ABOUT HK$417 MILLION (ON A STATUTORY BASIS)
    * UNIT OF SWIRE PROPERTIES TO SELL ENTIRE STAKE IN CITYPLAZA
THREE
AND CITYPLAZA FOUR PROPERTIES TO HENGLILONG INVESTMENTS
    * SWIRE PROPERTIES EXPECTED TO RECORD A GAIN ON DISPOSAL OF
ABOUT
HK$509 MLN ON A STATUTORY BASIS

Source text for Eikon:  ID:nHKS6Jlk0P 
Further company coverage:  0019.HK 

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