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BRIEF-Gemdale Properties And Investment Corp says unit entered into loan receivable transfer agreement
May 5, 2017 / 10:42 AM / 6 months ago

BRIEF-Gemdale Properties And Investment Corp says unit entered into loan receivable transfer agreement

May 5 (Reuters) - Gemdale Properties And Investment Corp Ltd :

* Vendor, a wholly-owned subsidiary of company, entered into loan receivable transfer agreement with purchaser

* Purchaser conditionally agreed to acquire loan receivables at a total consideration of rmb200 million

* Estimated that group will not recognise any gain or loss on disposal while group will receive rmb200 million cash after completion

* Parties are Jinchengxin, a wholly-owned subsidiary of company as vendor and China Railway Trust as purchaser Source text for Eikon: Further company coverage:

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