BRIEF-Cheung Kong Property updates on acquisition of 3216444 Nova Scotia Co

(Corrects headline and fifth bullet to clarify name of the

target company)

March 31 (Reuters) - Cheung Kong Property Holdings

:

* Discloseable transaction - acquisition of the target

company in Canada

* Deal for consideration of approximately C$2.82 billion

* Company entered into sale and purchase agreement

* vendor, purchaser(an indirect wholly-owned subsidiary of

company) and company entered into sale and purchase agreement

* Target company being 3216444 Nova Scotia Co

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