BRIEF-OUE Announces Increase In Shareholding In Gemdale Properties And Investment Corp

Aug 28 (Reuters) - Oue Ltd:

* BEACON ACQUIRED 959.9 MILLION SHARES OF HK$0.10 EACH IN GEMDALE PROPERTIES AND INVESTMENT CORP FOR A CONSIDERATION OF HK$0.85 PER SALE SHARE

* AGGREGATE CASH CONSIDERATION OF ABOUT HK$815.9 MILLION Source text for Eikon: Further company coverage: