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China Development Bank International to Offload 4.82% Interest in P.G. Logistics

MT Newswires ·  {{timeTz}}

03:21 AM EDT, 07/18/2022 (MT Newswires) -- China Development Bank International Investment (HKG:1062) is selling 4.82% interest in P.G. Logistics Property Investment to Shenzhen Aoyuheng Industrial for 192.8 million yuan ($25.6 million).

The sale is done through a public listing-for-sale process on the Shanghai United Assets and Equity Exchange.

The lender will no longer hold any equity interest in P.G. Logistics upon completion of the transaction.

Proceeds from the sale will be used for the company's general working capital.

Price (HKD): $0.11, Change: $0.00, Percent Change: +2.80%

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