BRIEF-China Properties Investment Disposes 8.3 Mln Asia Grocery Shares

Aug 16 (Reuters) - China Properties Investment Holdings Ltd :

* DISPOSED 8.3 MILLION ASIA GROCERY SHARES ON 16 AUGUST AT AVERAGE PRICE OF HK$0.406 PER SHARE

* EXPECTED TO RECOGNIZE A GAIN OF ABOUT HK$2.2 MILLION ON DISPOSAL Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)