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08032 VIVA CHINA
RTNominal unchange0.500 0.000 (0.000%)
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31/05/2019 15:41

Viva China (08032) unit to sell Shenyang land at RMB87m

[ET Net News Agency, 31 May 2019] Viva China Holdings Limited (08032) said its
subsidiary Viva China Shenyang Community Development Holdings Limited has agreed to sell
the entire issued share capital of Shenyang Zhao Huan Modern Construction Industry Park
Limited (the target company) to Shenyang Gu Li Commerce Limited at a consideration of
RMB87 million.
The target company is principally engaged in construction materials trading business. It
also holds a parcel of land at Shenyang which is currently leased to an independent third
party for industrial use.
Upon completion, the group expects to recognise an unaudited loss of approximately HK$16
million on the disposal. (RC)

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