Property News · September 7, 2017

Sino Land boosts its cash with sale of most of stake in Chengdu property for US$1.34 billion


Sino Land has agreed to sell 80 per cent of its mixed property development in the western Chinese city of Chengdu to a Shenzhen-listed firm for HK$10.51 billion (US$1.34 billion), a sale that could help it make new acquisitions.
The residential, commercial and hotel project, to be built on two sites with a combined area of 244,359 square metres at No. 9, Second Yufeng Road in the city’s Chenghua district, was sold to Wealth Express Development, a subsidiary of Shenzhen-listed Shenzhen…

Source : South China Morning Post
Read more…Sino Land boosts its cash with sale of most of stake in Chengdu property for US.34 billion

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