[ET Net News Agency, 8 October 2019] China Sandi Holdings Limited (00910) said its
subsidiaries Fujian Sinco and Grand International have conditionally agreed to sell the
aggregate equity interest of 37% in Xi'an Zhichengda Real Estate Company Limited (the
disposal) company at the consideration of approximately RMB362.33 million. Upon
completion, the group would cease to have any interest in the disposal company.
The disposal company is a sino-foreign joint venture enterprise established in the PRC.
It is principally engaged in property development in the PRC. Its sole project is a mixed
property development project called Zhongnan Shang Yue Cheng situated at Xi'an city,
Shaanxi Province, with a construction gross floor area of approximately 625,630 square
metres for residential and commercial uses. The project is currently under construction
with certain block of properties already launched for pre-sales. The project is expected
to be completed in 2021. (RC)
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00910 CHINA SANDI
Nominal 
0.031 0.000 (0.000%) Disclosure of Interest
08/10/2019 10:40
China Sandi (00910) to sell property project at RMB362m
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