Soho China Ltd SOHOF announced its plans to buy a Shanghai commercial site from subsidiaries of Greentown China Holdings Ltd. and Shanghai Zendai Property Ltd for CNY4 billion ($632 million).
In a separate statement, Soho China said that it will pay CNY2.96 billion to Shanghai Zendai Ltd and CNY1.04 billion to Greentown China Holdings Ltd for the jointly owned plot.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in