Kowloon Dev. says agreement to be terminated due to buyers' dissatisfaction with

Kowloon Development Co. (0034), a property investor which also operates securities brokerage, disclosed some of its substantial shareholders may terminate an agreement to sell control of the company and forfeit the deposit of HK$101.775 million paid by purchasers. Kowloon Development will resume its share trading today after suspension since Aug. 13. The shares were last traded at HK$4.10.

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