Matrix Holdings (01005) said it entered into a non-legally binding memorandum of understanding to dispose of the entire issued share capital in Shelcore Hong Kong Limited for Rmb272 million to Shenzhen Shouxi Property Investment Development Company Limited.
The target is the legal and beneficial owner of a piece of land and the buildings thereon situated in Shenzhen. The purchaser intends to provide Matrix Holdings with the right to use 115 parking spaces in the residential properties which the purchaser intends to develop on the land at no consideration upon completion of the residential properties.
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