BRIEF-Sunac China Says Unit Entered Equity Transfer Framework Agreement

Reuters · 09/15/2023 10:09
BRIEF-Sunac China Says Unit Entered Equity Transfer Framework Agreement

- Sunac China Holdings Ltd 1918.HK:

  • UNIT ENTERED INTO EQUITY TRANSFER FRAMEWORK AGREEMENT

  • PARTIES WILL ACHIEVE RESPECTIVE INDEPENDENT DEVELOPMENT OF CORRESPONDING LAND PARCELS OF REAL ESTATE DEVELOPMENT PROJECT IN PRC

  • HANGZHOU JINHAN HOLDING SHALL PAY TO HAINAN SUNAC DIFFERENCE IN AMOUNT OF RMB17.23 MILLION

  • AGREED THAT VALUE OF 100% EQUITY OF QIONGHAI HUAYUE ENTERPRISE IS RMB2,451.85 MILLION

  • AGREED THAT VALUE OF 100% EQUITY OF HAINAN HERONG PROPERTY DEVELOPMENT IS RMB1,712.19 MILLION

  • HAINAN SUNAC SHALL PAY HANGZHOU JINHAN RMB369.83 MILLION

  • EXPECTS TO RECORD UNAUDITED GAIN OF RMB61 MILLION BEFORE TAX FROM TRANSFER OF RIGHTS, INTERESTS OF HANGZHOU RONGYUE INVESTMENT, AMONG OTHERS

Source text for Eikon: ID:

Further company coverage: 1918.HK


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