BRIEF-Chevalier International says units to acquire Properties in Michigan, U.S.

April 3 (Reuters) - Chevalier International Holdings Ltd

* discloseable Transaction

* Purchasers (being indirect wholly-owned subsidiaries of

company) and vendors entered into agreement

* Deal for us$33 million

* Purchasers conditionally agreed to acquire properties,

being two senior housing properties located in Michigan, U.S

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