Lixin International (00191.HK) and Lixin Development (00488.HK) jointly announced that on May 14, 2024, the seller (including Kingswood and Bright Jewel, each an indirect wholly-owned subsidiary of Lixin Development) and the buyer Weishan Shipping Pte.Ltd. Based on this, Kingswood and Bright Jewel will sell to the buyer a total of 475,000 common shares in the share capital of the target company Singapore Guangcheng Co., Ltd. It accounts for a total of 47.5% of the target company's issued and paid up share capital; and Kingswood and Bright Jewel sold and transferred shareholder loans totaling approximately P$12.66 million to the buyer, at a total cost of approximately US$14.7871 million.
丽新发展(00488.HK)拟约1478.71万美元出售广州增城仙村高尔夫球场部分权益
Lai Sun Development (00488.HK) plans to sell part of Guangzhou's interest in Xiancun Golf Course in Zengcheng for about US$14.7871 million
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