Yuzhou Group-backed RZ3262019 to acquire the Chengdu residential and commercial development project from CK Asset for c. $1bn.

Chinese investment holding company Yuzhou Group-backed RZ3262019 to acquire the Chengdu residential and commercial development project from CK Asset, a real estate development company for c. $1bn. The company expects an unaudited gain of $490m from the disposal to a company. The directors believe that the terms of the disposal and the financing arrangements and the transactions contemplated thereunder are fair and reasonable and in the interests of the company and the shareholders as a whole.,