News Column

Richfield Group Sells 49% of Plan Link

January 20, 2014

SHANGHAI , January 20 , SinoCast -- Richfield Group announces that the company sells 49% of Plan Link Limited , a wholly-owned unit, at CNY 225 million . The company predicts net financing from the sales at about CNY 222 million , and the capital will be used to repay bank loans and for general working capital. The Stake sales would help gain about CNY 8.01 million incomes.

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Source: Sinocast Construction & Real Estate Beat (China)

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