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BRIEF-Shanghai Fenghwa Group to sell wholly owned real estate unit to real estate firm for 290 mln yuan
March 16, 2017 / 10:29 AM / 8 months ago

BRIEF-Shanghai Fenghwa Group to sell wholly owned real estate unit to real estate firm for 290 mln yuan

March 16 (Reuters) - Shanghai Fenghwa Group Co Ltd :

* Says it will sell 100 percent stake in its wholly owned real estate unit based in Beijing to counterparty, which is engaged in real estate development, property management and commercial housing sales business

* Transaction amount is 290 million yuan

Source text in Chinese: goo.gl/ZPUuN3

Further company coverage: (Beijing Headline News)

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