Of the consideration amount, around RMB1.41 billion will be paid to Hillwest, and another RMB156 million will be paid to a related company of Hillwest as repayment for loans extended to Chengdu Shengshi.
Keppel Land China, through its subsidiary, Hillwest Limited, is divesting 100% of its stake in Chengdu Shengshi Jingwei Real Estate to the subsidiaries of China Vanke (the buyers).
The buyers will acquire the sale shares from Hillwest at a consideration of RMB1.56 billion ($324 million).
