BRIEF-Swire Properties To Sell Cityplaza Three And Cityplaza Four Properties For HK$15 Bln
June 15 (Reuters) - Swire Pacific Ltd:
* ANNOUNCES SALE OF 100% INTEREST IN CITYPLAZA THREE AND CITYPLAZA FOUR PROPERTIES
* DEAL FOR TOTAL CASH CONSIDERATION OF HK$15,000 MILLION
* PROCEEDS FROM DISPOSAL WILL BE APPLIED TOWARDS GENERAL WORKING CAPITAL REQUIREMENTS OF SWIRE PROPERTIES
* SWIRE PACIFIC EXPECTED TO RECORD ATTRIBUTABLE GAIN ON DISPOSAL OF ABOUT HK$417 MILLION (ON A STATUTORY BASIS)
* UNIT OF SWIRE PROPERTIES TO SELL ENTIRE STAKE IN CITYPLAZA THREE AND CITYPLAZA FOUR PROPERTIES TO HENGLILONG INVESTMENTS
* SWIRE PROPERTIES EXPECTED TO RECORD A GAIN ON DISPOSAL OF ABOUT HK$509 MLN ON A STATUTORY BASIS Source text for Eikon: Further company coverage: