19 October 2018

SOHO China sells Shanghai projects for 5.2 bln yuan, filing says

SOHO China Ltd. (00410.HK) will sell its entire equity interest in two Shanghai projects to Financial Street Holdings Co. Ltd. (000402.CN) for a combined 5.23 billion yuan (US$853.38 million), according to a stock exchange filing Friday. The SOHO Hailun Plaza fetched 3.05 billion yuan while SOHO Jing’an Plaza was sold for 2.18 billion, the filing said. SOHO China acquired the two projects for a combined 4.1 billion yuan in 2011, China Business News reported Friday.

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