Shanghai Gold Bund To Dispose Stakes In Shanghai Gang Lu And Shanghai Pu Gang
January 23, 2017 at 10:30 am IST
China Oceanwide Holdings Limited (SEHK:715) announces that Shanghai Jinwaitan (Group) Development Co., Ltd. is to dispose of its 12% and 20% respective non-controlling equity interests in Shanghai Gang Lu Real Estate Development Co., Ltd. and Shanghai Pu Gang Real Estate Development Co., Ltd. for CNY 130.7 million and CNY 76.4 million respectively through two open tenders. The tender period for the Disposal Interests on SUAEE will commence on January 24, 2017 and end on February 24, 2017.