SHUN TAK HOLD (00242.HK) announced that it has signed a memorandum of understanding with SJM HOLDINGS (00880.HK) subsidiary SJM Investments to sell several office units and a retail unit located in the Shun Tak Port Business Center in Hengqin New Area, Zhuhai. SJM Investments plans to transform the property into a three-star hotel, with the renovation project to be carried out by SHUN TAK. The total cash consideration for the acquisition and renovation is 0.546 billion yuan (approximately 0.584 billion HKD).
- Headlines
- Austrian (00880.HK) subsidiary plans to acquire Shinde (00242.HK) Hengqin property to convert into a hotel, involving over 0.58 billion yuan.
澳博(00880.HK)附屬擬購信德(00242.HK)橫琴物業改建酒店 涉資逾5.8億元
Austrian (00880.HK) subsidiary plans to acquire Shinde (00242.HK) Hengqin property to convert into a hotel, involving over 0.58 billion yuan.
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