Goldin Properties Agrees to Sell $2.8 Billion China Real EstateBy
Goldin Properties Holdings Ltd. agreed to sell 18 billion yuan ($2.8 billion) of properties in China to an undisclosed associate of a person connected to the company and an independent third party.
Goldin announced the deal in a statement on Wednesday. A further announcement on the disposal will be published “as soon as practicable.”
The statement came after the company requested a halt in trading on Dec. 8 following an increase of as much as 32 percent in the share price. Goldin isn’t aware of any reason for the price and trading volume on that date, the company said in Wednesday’s statement…
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