BRIEF-Kenford Group enters agreement to sell property for HK$53.1 mln

March 9 (Reuters) - Kenford Group Holdings Ltd:

* Vendor (a unit of the company) entered into preliminary

agreement with purchaser

* Purchaser is Castle Capital Limited

* Deal for consideration of HK$53.1 million

* Disposal is expected to enable company to recognise a gain

of approximately HK$2 million

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