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3 个月前
BRIEF-HLGE enters into conditional agreement to sell its China hotel properties
2017年5月31日 / 下午2点19分 / 3 个月前

BRIEF-HLGE enters into conditional agreement to sell its China hotel properties

May 31 (Reuters) - China Yuchai International Ltd:

* HLGE enters into conditional agreement to sell its China hotel properties

* HL Global Enterprises Ltd, in which co has a 48.9% shareholding interest, entered a conditional sale, purchase agreement

* To utilize portion of proceeds from proposed disposal to repay current outstanding loan of S$68 million extended to it by China Yuchai

* Consideration for proposed disposal is RMB 550 million payable in tranches, subject to adjustment in specified circumstances

* Purchaser is an affiliate of Jingrui Holdings Limited

* Financial effects of proposed disposal on company have not been finalized

* Completion of proposed disposal is conditional upon satisfaction of certain conditions precedent on or before Oct 31, 2017 Source text for Eikon: Further company coverage:

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