BRIEF-Lai Sun Development To Sell Its Interest In 3 Connaught Road Central
Reuters
Dec 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.