Under the terms of the agreement, CDL, via Sonic, will sell its 63.75% equity interest in HCP Cayman for a consideration of US$1 to Sure Spread.
City Developments Limited (CDL) has, on Sept 10, announced that it was divesting its interest in Chongqing Sincere Yuanchuang Industry Co (Sincere) for a total consideration of US$1 ($1.34).
The sale and purchase agreement was signed by Sonic Investment, a wholly-owned subsidiary of CDL, HCP Chongqing Property Development (HCP Cayman) and Sure Spread Limited.
