BRIEF-Cheung Kong Property Holdings says Hpl and Chinex and Champ and Lksof enters agreement

Reuters

26 October 2016 at 6:01 am

Oct 26 (Reuters) - Cheung Kong Property Holdings Ltd * Deal in relation to sale of entire issued share capital of mapleleaf developments * Consideration for disposal will be an amount determined by taking agreed value of property at rmb20 billion * Sellers will make available from handover completion a total of rmb11 billion of vendor financing * Sellers will also separately make available working capital facility of rmb300 million * Hpl and chinex and champ (as sellers) and lksof (as seller guarantor for champ) entered into a sale and purchase agreement * Agreement in relation to sale of entire issued share capital of mapleleaf developments Source text for Eikon: Further company coverage:

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