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02349 CH CITY INFRA
RTNominal down0.032 -0.003 (-8.571%)
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14/10/2019 15:20

China City Infra (02349) to sell 30% of integrated complex

[ET Net News Agency, 14 October 2019] China City Infrastructure Group Limited (02349)
said its subsidiary China Water Property Investment Limited has agreed to sell 30% of the
issued share capital of Northern Sea Development Limited (the target) at the cash
consideration of HK$100,000.
The target is an investment holding company and the target group owned an integrated
complex. The integrated complex occupies a total site area of 16,448 sq.m. and is adjacent
to the south station of Shanghai-Hangzhou High-Speed Railway and also the terminal of
Hangzhou metro line No. 1, which is already in use in late 2012. The total gross floor
area is approximately 114,610 sq.m. (RC)

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