BRIEF-Lai Sun Development To Sell Its Interest In 3 Connaught Road Central

Reuters

12/09

BRIEF-<a href="https://laohu8.com/S/LSNVY">Lai Sun</a> Development To Sell Its Interest In 3 Connaught Road Central

Dec 9 (Reuters) - Lai Sun Development Co Ltd 0488.HK:

TO SELL ITS INTEREST IN 3 CONNAUGHT ROAD CENTRAL FOR TRANSACTION VALUE HK$3.498 BILLION
NET PROCEEDS FROM SALE (AFTER REPAYMENT OF RELEVANT LOANS) ESTIMATED TO BE ABOUT HK$2.4 BILLION
TRANSFORMATION INTERNATIONAL TO SELL STAKE TO JASMINE INVESTMENT DEVELOPMENT IV
PARENT CO EXPECTED TO RECORD LOSS ON DISPOSAL OF HK$269 MILLION AND CO EXPECTED TO RECORD LOSS ON DISPOSAL OF HK$261 MILLION

Further company coverage: 0488.HK

((Reuters.Briefs@thomsonreuters.com;))

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