Guangdong - Hong Kong Greater Bay Area (HKG:1396) agreed to sell Zhuo Ying to Guotai Cinda Investment Management for HK$130 million, a Tuesday bourse filing said.
The real estate investor will use proceeds from the sale for general working capital.
Following completion, certain asset guarantees provided to a bank against loans extended to units of Zhuo Ying will be regarded as financial assistance provided to the target company.
Property developer Zhuo Ying and Guotai Cinda Investment Management will also provide a counter-guarantee to Guangdong - Hong Kong Greater Bay Area against the collaterals pledged to the bank.
Price (HKD): $0.39, Change: $-0.010, Percent Change: -2.53%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。