BRIEF-China Aoyuan Property says Joy Pacific and Cathay Sino Property enter into sale and purchase agreement

March 16 (Reuters) - China Aoyuan Property Group Ltd

:

* Joy Pacific and Cathay Sino Property Ltd entered into a

sale and purchase agreement

* Joy Pacific agreed to acquire about 2 pct of entire issued

share capital of company for a cash consideration of HK$2.40

per share

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