Home 禄 Business 禄 Real Estate
Stake sale
Source: Bloomberg News |
May 17, 2011, Tuesday
|
Print Edition
Print Edition
EVERGRANDE Real Estate Group Ltd said it agreed to sell a 49 percent stake in its Grandday unit to Chinese Estates Holdings Ltd for US$500 million.
Evergrande, which will indirectly retain a 51 percent holding in Grandday, will use the proceeds for general working capital, it said in a statement to the Hong Kong stock exchange yesterday.
Grandday is an investment holding company that owns a 1.335 million-square-meter site in Qidong in eastern China's Jiangsu Province, according to the statement.
Evergrande, which will indirectly retain a 51 percent holding in Grandday, will use the proceeds for general working capital, it said in a statement to the Hong Kong stock exchange yesterday.
Grandday is an investment holding company that owns a 1.335 million-square-meter site in Qidong in eastern China's Jiangsu Province, according to the statement.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
