Redco Properties Group (HKG:1622) said it agreed to transfer certain real estate to settle a 159.1 million yuan payment to its non-wholly owned subsidiary Redco Healthy, according to a Hong Kong bourse filing Friday.
Shares of the property developer fell over 1% in late morning trade Monday.
The assets to be transferred include car parking spaces and certain residential and retail building units.
Redco Healthy is 75% owned by Redco Properties.
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