Wheelock and Co Ltd (0020.HK)
23 Mar 2018
Mon, Mar 12 2018
* FY PROFIT ATTRIBUTABLE TO EQUITY SHAREHOLDERS WAS HK$20,570 MILLION VERSUS HK$16,294 MILLION
HONG KONG China's HNA Group is selling a land parcel in Hong Kong to local developer Wheelock and Co Ltd for $811.1 million, the latest in a string of global asset disposals to ease its liquidity crunch.
* Wheelock purchase adds to expanding portfolio in HK (Updates to say HNA's Park Hotels stake sale happened this week)
HONG KONG, March 9 Wheelock and Co Ltd said on Friday it would buy a residential site from a HNA Group unit for HK$6.36 billion ($811.1 million), as the developer expands its development property portfolio in Hong Kong's Kai Tak area.
HONG KONG, Oct 12 LVGEM (China) Real Estate Investment Co Ltd said it would buy an office tower in Hong Kong from Wharf (Holdings) Ltd for HK$9 billion ($1.2 billion), part of plans by the mainland developer to strengthen its presence in the city's property market.
* Wheelock and Co Ltd says unit to sell to Pace Ascend Limited sale shares representing all issued shares of New Grade and the sale loan