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HKICIM Group (0687) to sell three projects to parent's units
Hong Kong International Construction Investment Management Group (HKICIM Group) (00687)
said it agreed to sell to controlling shareholder's subsidiaries the entire  equity
interest in each of Tysan Land (Shanghai)  Limited, Tysan Land (Shenyang) Limited and
Tysan Property Development (Tianjin) Co. Ltd.for Rmb585.8 million, Rmb762 million
and Rmb435.8 million respectively.
  Tysan Shanghai is a single project company established in the PRC engaging in the
operation of a residential and commercial property development project in Shanghai. Tysan
Shenyang is a single project company established in the PRC engaging in the operation of a
residential and commercial property development project in Shenyang. Tysan Tianjin is a
single project company established in the PRC engaging in the operation of a residential 
and commercial property development project in Tianjin.
  It is expected that HKICIM Group will record an estimated gain of about HK$574 million 
from the disposals. HKICIM Group intends to use the net proceeds from the disposals as 
general working capital and/or to finance its business opportunities as and when 
appropriate

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