Sino Harbour Holdings Group's Subsidiary to Dispose 100% Stake in Property Management Company

MT Newswires Live12-11

Sino Harbour Holdings Group's (HKG:1663) subsidiary Hangzhou Sino Harbour Commercial Management agreed to dispose of 100% equity interests in Hangzhou Gangyu Business Management to Hangzhou Greentown Fifth Property Service for 8.6 million yuan, a Wednesday Hong Kong bourse filing said.

After the disposal, another subsidiary of the company, Hangzhou Ganglian Real Estate, will also terminate its guarantee for the target under a Commercial Space Cooperation Agreement with a subsidiary of Greentown Property Management Service Group.

The mentioned agreement was regarding the lease of a commercial space in ZJU Economic Park.

The property developer's shares closed nearly 2% lower on Wednesday.

Price (HKD): $0.11, Change: $-0.0020, Percent Change: -1.85%

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