Brief: Wanda Hotel Development Co Sells 60 Pct Stake In Wanda International Real Estate Investment Co
16/01/2018 13:50
Jan 16 (Reuters) - Wanda Hotel Development Co Ltd 0169.HK :
* DEAL FOR GBP35.6 MILLION
* ANNOUNCES DISPOSAL OF LONDON PROPERTY PROJECT
* SELLS 60 PERCENT STAKE IN WANDA INTERNATIONAL REAL ESTATE
INVESTMENT CO
* DISPOSAL IS EXPECTED TO GIVE RISE TO A GAIN OF ABOUT
HK$434
MILLION
* SAYS DEAL INCLUDES DEBT OF £159.5 MILLION (ABOUT HK$1.68
BILLION)
Source text for Eikon: urn:newsml:reuters.com:*:nHKS46T9ZL
Further company coverage: 0169.HK
((Bangalore.newsroom@thomsonreuters.com;))
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