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Asian Growth Properties Sells Dah Sing Financial Centre In Hong Kong

Thu, 25th Feb 2016 14:08

LONDON (Alliance News) - Asian Growth Properties Ltd on Thursday said it is selling the Dah Sing Financial Centre in Hong Kong to China Everbright Holdings Co Ltd for GBP926 million in cash.

After repayment of bank loans, AGP will receive a net consideration of GBP743 million before deducting transaction costs and expenses.

Asian Growth Properties said a more detailed update will be provided soon.

Shares in Asian Growth Properties were untraded on Thursday, last traded at 18.75 pence.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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