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Shanghai Zendai Property Considers Asset Sale, Service Agreement
Shanghai Zendai Property (HKG:0755) signed a non-binding memorandum of understanding (MOU) for the potential sale of certain property assets, a same-day filing on the Hong Kong bourse said. The propos
It is recommended to sell all the equity of several subsidiary companies of Shanghai Zendai (00755.HK).
On June 7th, Gelunhui announced that Shanghai Zendai (00755.HK) signed a non-binding memorandum of understanding with a potential buyer in June 2024 to propose the sale of all equity of some affiliated companies of the company to the buyer. The target companies for sale will hold the group's real estate assets in Zendai Thumb Plaza project, Qingdao Zendai Thumb Plaza project, as well as several other projects, and will take on most of the group's interest-bearing loans. According to the memorandum of understanding, after the proposed sale is completed, the buyer will appoint the company to provide consulting, operation and renovation services for the Shanghai Zendai Thumb Plaza project.
Express News | Shanghai Zendai Property - Mou for Proposed Disposal by Co of Entire Equity Interests in Certain Subsidiaries of Co
Express News | Shanghai Zendai Property Ltd - Entered Into a Non-Legally Binding Mou With a Potential Purchaser
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