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BRIEF-Sino land Co says unit entered into an equity transfer agreement
September 7, 2017 / 10:38 AM / in 2 months

BRIEF-Sino land Co says unit entered into an equity transfer agreement

Sept 7 (Reuters) - Sino Land Co Ltd:

* Sinoland China Investment as vendor entered into an equity transfer agreement with Wealth Express Development in respect of disposal

* Wealth Express Development Limited agreed to purchase 80% equity interest in target co at total cash consideration of RMB8,767.5 million

* Upon completion Sino Land expects to record a gain on disposal of about HK$6.45 billion Source text: [bit.ly/2gJodcp] Further company coverage:

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