Winfull Group Holdings to Sell Hong Kong Properties to Country Garden

By Joanne Chiu Features Dow Jones Newswires

Winfull Group Holdings Ltd.'s (0183.HK) 51%-owned unit agreed to sell several properties on Hong Kong's Kowloon peninsula to Country Garden Holdings Co. (2007.HK) for 610 million Hong Kong dollars ($78.3 million).

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The Hong Kong-listed company said after markets closed Thursday that the sale is expected to result in a gain before tax of about HK$68.4 million.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

June 01, 2017 21:32 ET (01:32 GMT)