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BRIEF-Kwg Group Announces Disposal Of 50% Equity Interest In A Joint Venture

Reuters · 11/16/2022 08:09
BRIEF-Kwg Group Announces Disposal Of 50% Equity Interest In A Joint Venture

- KWG Group Holdings Ltd 1813.HK:

  • DISPOSAL OF 50% EQUITY INTEREST IN A JOINT VENTURE

  • DISPOSAL FOR ABOUT RMB371 MILLION

  • SHINY RED & CHENGDU YIZHIHUIHENG ENTERPRISES MANAGEMENT ADVISORY TO BUY 28.57% OF ISSUED SHARE CAPITAL OF CENTRAL PATH

  • EXPECTED TO RECORD PROFIT AFTER TAX OF ABOUT RMB14 MILLION FROM DISPOSAL

  • SHINY RED & CHENGDU YIZHIHUIHENG ENTERPRISES MANAGEMENT ADVISORY TO BUY & 30% OF PAID-UP CAPITAL OF CHENGDU HONGYU REAL ESTATE DEVELOPMENT

Source text for Eikon: ID:

Further company coverage: 1813.HK


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