December 28, 2016 / 10:43 AM / 7 months ago

BRIEF-China Jishan Holdings updates on conditional share transfer agreement

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Dec 28 (Reuters) - China Jishan Holdings Ltd :

* Unit entered into a conditional share transfer agreement with Shanghai Jintumu Real Estate Co., Ltd.

* Entire equity interest in target held by Jishan P&D will be disposed to purchaser for a consideration of RMB 785.8 million

* Expects to receive an estimated gains on proposed disposal (before tax) of approximately RMB 288.0 million

* Intends to utilise net proceeds from proposed disposal for repayment of bank borrowings Source text for Eikon: Further company coverage:

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