Reuters - Financials

BRIEF-China Baoan’s unit to unload Hongji Real Estate shares for 1.2 bln yuan

Aug 17 China Baoan Group

* Says unit plans to sell 70.39 million shares in Baoan Hongji Real Estate for 1.2 billion yuan ($ 187.68 million)

* Says expects a profit of about 820 million yuan after transaction

* Says shares to resume trading on Aug 18

Source text in Chinese:

Further company coverage: ($ 1 = 6.3937 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

Reuters: Financials

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