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01996 RSUN PPT
RTNominal unchange0.050 0.000 (0.000%)
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23/12/2019 11:24

Redsun PPT (01996) to sell 30% of Xuzhou lands


[ET Net News Agency, 23 December 2019] Redsun Properties Group Limited (01996) said its
subsidiary Xuzhou Hongyao has agreed to sell 30% equity interest in Xuzhou Hongyang (the
target company) to Suzhou Lihe (an indirect wholly-owned subsidiary of Sinic Holdings
(Group) Company Limited (02103)) at the total consideration of RMB585.62 million.
The principal assets of the target company are three plots of lands which are located at
Xuzhou City, Jiangsu Province, the PRC. They have an expected aggregate GFA of 280,000
sq.m. (RC)

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