[ET Net News Agency, 19 July 2019] Hao Tian Development Group Limited (00474) said its
subsidiary Grace Dragon Holdings Limited has agreed to buy 15% equity interests in Quan Yu
Tai Investments Company Limited (the target) for an aggregate consideration of HK$320
million, which shall be settled by the issue of promissory note by the purchaser upon
completion. The interest rate is 5% per annum.
The target has 3 property projects under development located in the municipalities of
Changsha, Chenzhou and Hengyang of Hunan Province, the PRC, mainly consisting of
large-scale residential complex projects and integrated commercial complex projects, as
well as apartments, offices, shopping arcades, cinemas and other supporting facilities.
(RC)
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19/07/2019 10:45
Hao Tian Dev (00474) to buy 15% of property projects
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