CHI MER LAND (00978.HK) -0.010 (-3.509%) announced a connected transaction in which Shenzhen Haiyuejin will acquire a 30% equity interest in China Merchants Garden City through a capital injection of RMB174 million. Upon completion, the company's shareholding in China Merchants Garden City will decrease from 100% to 70%. The latter holds a residential development project located in Xi'an, Shaanxi Province. (de/d)(HK stocks quote is delayed for at least 15 mins.)
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