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03333 EVERGRANDE
RTNominal unchange0.163 0.000 (0.000%)
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27/05/2022 15:41

Evergrande (03333) to sell Ningbo project

[ET Net News Agency, 27 May 2022] China Evergrande Group (03333) said Chengbo (Ningbo)
Property Co., Ltd. (the vendor), an indirect wholly-owned subsidiary of the company,
entered into the agreement with the purchasers, pursuant to which the vendor agreed to
transfer its interest in the City Light Plaza project to the purchasers, at a total
consideration of RMB1,347,783,100.
The asset to be disposed of is the state-owned construction land use right of the land
parcel for the group's City Light Plaza which is under construction, the ownership right
to the buildings under construction located on such land and the real estate development
right of such land. The project is situated in the East New Town of Ningbo City. (RC)

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