China Oceanwide (00715) said it agreed to purchase three parcels of land totaling about 26.27 acres located at Honouliuli, District of Ewa, City and County of Honolulu, Hawaii, the U.S. at US$280 million (equivalent to about HK$2,170.9 million).
The purchaser has the sole and absolute discretion to elect whether or not to develop the properties under the "Atlantis" brand. In the event of the non-Atlantis brand election, the consideration shall be adjusted and increased by the additional consideration of US$11.77 million (equivalent to about HK$91.2 million) to the adjusted consideration of US$292 million (equivalent to about HK$2,262.2 million).
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