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NWD Sells 30% Stake in SZ Property to CTFE at RMB1.4B
Recommend 8 Positive 15 Negative 3 |
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NEW WORLD DEV (00017.HK) announced that it disposed of 30% equity interest in Sky Treasure Development together with a shareholder's loan to its substantial shareholder CTFE, which owns a 43-storey office building and car parks located at Shenzhen Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, for a cash consideration of RMB1.441 billion. It is estimated that the Company will record a gain of HK$113 million from the Disposal. The net proceeds arising from the Disposal will be used as general working capital of the Group. AAStocks Financial News |
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