May 5, 2017 / 12:27 PM / 3 months ago

BRIEF-Modern Land China says unit entered into transfer agreement

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May 5 (Reuters) - Modern Land China Co Ltd:

* Zhanlan Moma and Modern Green Development entered into transfer agreement with Jiang Yang Group Chen and Ding

* Agreement for a total consideration of RMB434 million

* Zhanlan Moma agreed to acquire entire equity interest in target co and settle outstanding loans owed by target co to its external creditor

* Unit agreed to acquire equity interest in Jiangsu Jiang Yang Jin Xin Real Estate Development for total consideration of RMB434 million Source text for Eikon: Further company coverage:

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