Country Garden Services Sells Wanda Stake

Country Garden Services Holdings Co (HK:6098) has released an update.

Country Garden Services Holdings Co has announced the sale of a 1.49% stake in Zhuhai Wanda for RMB3.14 billion, allowing them to realize an 8% annualized internal rate of return after tax. This strategic disposal, which is classified as a discloseable transaction under Hong Kong’s Listing Rules, will not require shareholder approval. Following the sale, Country Garden Services will retain a 0.31% interest in the company.

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