BRIEF-Kerry Properties Announces Sale Of Qianhai Units For A Total Of RMB73.2 Mln

Reuters

Thu, Nov 15, 2018, 4:31 AM

In this article:

Nov 15 (Reuters) - Kerry Properties Ltd:

* ANNOUNCES SALE OF QIANHAI UNITS

* DEAL FOR TOTAL CONSIDERATION OF RMB73.2 MILLION

* PROCEEDS OF SALE OF QIANHAI UNITS EXPECTED TO BE USED AS PAYMENT OF CONSTRUCTION COST OF QIANHAI KERRY CENTRE

* ENTERS AGREEMENTS WITH JINSHENG, TAIJIN, TAIJING, TAIYAO AND YAOJU FOR SALE OF QIANHAI UNITS

* IT IS EXPECTED THAT GROUP WILL RECORD A GAIN OF APPROXIMATELY RMB44 MILLION FROM SALE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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BRIEF-Kerry Properties Announces Sale Of Qianhai Units For A Total Of RMB73.2 Mln

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