BRIEF-Skyfame Realty updates on disposal agreement

Reuters

27 September 2016 at 8:03 am

Sept 27 (Reuters) - Skyfame Realty Holdings Ltd * Very Substantial Disposal And Connected Transaction In Relation To The Disposal Of The 70% Equity Interest In And Shareholder's Loan Of Yongzhou Tianyu Real Estate Development Company Limited * Yu Jun (as vendor) and Gz Tianyu (as purchaser) entered into disposal agreement * Expected that a gain of approximately rmb94.9 million, would be recorded by company as a result of disposal * Gz Tianyu shall acquire sale interest and sale loan from Yu Jun at a consideration of rmb55 million and rmb224.6 million respectively * Expected that a gain of rmb94.9 million would be recorded by company as a result of disposal Source text for Eikon: Further company coverage:

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