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2 months ago
BRIEF-AVIC Real Estate Holding to dissolve Hong Kong-based property unit and to wholly own Shanghai-based property firm
June 5, 2017 / 10:22 AM / 2 months ago

BRIEF-AVIC Real Estate Holding to dissolve Hong Kong-based property unit and to wholly own Shanghai-based property firm

June 5 (Reuters) - AVIC Real Estate Holding Co Ltd :

* Says it plans to dissolve its Hong Kong-based property unit

* Co plans to take over 97.7 percent stake in a Shanghai-based firm from co's wholly owned investment unit, with net book value of 414.3 million yuan, and co will wholly own the Shanghai-based firm directly after transaction

Source text in Chinese: goo.gl/1el2zH ; goo.gl/16CRLU

Further company coverage: (Beijing Headline News)

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