December 18, 2017 / 3:12 PM / a month ago

BRIEF-Hon Kwok Land Investment Co Updates On Disposal Of Unit In PRC

Dec 18 (Reuters) - Hon Kwok Land Investment Co Ltd :

* UNIT TO SELL TO GUANGZHOU LANGXIU MANAGEMENT CONSULTING A PRC COMPANY, FOR A CASH CONSIDERATION OF RMB230 MILLION

* ‍UPON COMPLETION OF DISPOSAL, HON KWOK GROUP AND CHINNEY GROUP EXPECTS NET GAIN OF HK$95 MILLION AND HK$65 MILLION RESPECTIVELY

* ‍HON KWOK TO ASSIGN GUANGZHOU LANGXIU MANAGEMENT CONSULTING WITH LOAN OF RMB30 MILLION​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below