China Enterprise to Divest Joint Venture Unit

MT Newswires Live10-03 17:15

China Enterprise (SHA:600675) plans to divest its joint venture unit Yingpu Real Estate through the Shanghai United Equity Exchange, according to a Sept. 28 disclosure on the Shanghai Stock Exchange.

The valuation price of Yingpu Real Estate is yet to be determined, the Chinese real estate development and leasing company said.

The company and its subsidiary, Shanghai Yuanjing Real Estate (Group), own a respective 30% and 70% of Yingpu Real Estate.

Price (RMB): Â¥3.34, Change: Â¥+0.27, Percent Change: +8.79%

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