New World Development (00017) and NWS Holdings (00659) said NWS agreed to dispose of the entire interest in NWS Kwai Chung Logistics Centre and assign the debt at HK$3.75 billion to China Resources (Holdings) Company Limited.
The gain arising from the disposal will be largely recognized by means of fair value gain of about HK$850 million in the financial year ending 30 June 2016.
21/06/2016 09:44
NWS (0659) to sell Kwai Chung logistics centre for HK$3.75bn
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