Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
GRAND MING in Talks to Sell All 4 Data Centers for Total Potential Consideration HKD5.25B
Recommend 4 Positive 9 Negative 2 |
||||
|
||||
|
GRAND MING (01271.HK) announced that it had signed a non-legally binding indicative term sheet with an intended buyer on Monday (22nd). Pursuant to the term sheet, GRAND MING intends to sell the entire portfolio of four data center projects, which will include the acquisition of 100% equity interests in Wellford Properties Holdings Limited subsequent to an internal reorganization and 100% equity interest in Wellford Properties Limited. Each of them was a wholly-owned subsidiary of GRAND MING as at the date of the announcement. The total potential consideration for the potential sale is HKD5.25 billion. The potential sale is subject to the signing by both parties. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
