HK-listed Aoyuan unit to buy 29.99% stake in Kinghand for $227m

HK-listed Aoyuan unit to buy 29.99% stake in Kinghand for $227m

Aoyuan Group (Guangdong) Co., Ltd, a wholly-owned subsidiary of real estate developer China Aoyuan Group Limited, has inked an agreement to pick up a 29.99 per cent stake in SZ-listed Kinghand Industrial Investment Group Co. Ltd for 1.6 billion yuan ($227 million).