BRIEF-Powerlong Real Estate Says Unit To Sell 100% Stake In Hangzhou Huazhan Real Estate Development

Reuters12-23 23:23

Dec 23 (Reuters) - Powerlong Real Estate Holdings Ltd 1238.HK:

UNIT TO SELL 100% STAKE IN HANGZHOU HUAZHAN REAL ESTATE DEVELOPMENT
INITIAL CONSIDERATION IS RMB1 BILLION
EXPECTS TO RECORD LOSS OF RMB52 MILLION FROM EQUITY TRANSFER

Further company coverage: 1238.HK

((Reuters.Briefs@thomsonreuters.com;))

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