Brief: Wanda Hotel Development Announces Disposal Of Australia Property Projects For A$315 Mln

Wanda Hotel Development

29/01/2018 09:10

Jan 29 (Reuters) - Wanda Hotel Development Co Ltd  0169.HK : 
    * ANNOUNCES DISPOSAL OF AUSTRALIA PROPERTY PROJECTS AND 
RESUMPTION 
OF TRADING 
    * DEAL FOR A$315.0 MILLION  
    * WANDA AUSTRALIA REAL ESTATE INVESTMENT AGREED TO SELL 
WANDA 
AUSTRALIA COMMERCIAL PROPERTIES TO AWH INVESTMENT 
    * DISPOSAL EXPECTED TO GIVE RISE TO GAIN OF ABOUT HK$556 
MILLION 
    * AWH INVESTMENT GROUP TO ALSO PROCURE REPAYMENT OF DEBT OF 
AU$815.1 MILLION 
    * APPLIED FOR A RESUMPTION OF TRADING IN SHARES FROM 30 JAN 
2018  
 
Source text for Eikon:  ID:nHKS5YTgS0  
Further company coverage:  0169.HK  
 
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