COSCO International expects to cash RMB400 mln by selling Shanghai-based propert

COSCO International (0517) announced to have cashed RMB140 by selling 400 units located in Shanghai and 300 units in Shanghai will be launched in June. Totally RMB400 mln will be cashed after the two projects are completed.

 The company also said as China is entering WTO, mainland properties will be active in near future. The company will consider speeding up mainland property business, focusing attention on several big cities. At present the company does not have any plan to sell other business.

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