SINGAPORE (Aug 24): Metro Holdings confirmed on Monday that it is in talks with H-Change Real Estate Group on a potential disposal of its indirect 30% interest in a Chinese company called Nanchang Top Spring whose main asset is a mixed use development, Nanchang Fashion Mark located in Nanchang, with leasable/saleable GFA of about 780,000 sq m.

The Edge Singapore last Wednesday reported market watchers said the talks were responsible for the 6.2% surge in Metro’s share price to $1.20 on Aug 16. As at 3.25pm, shares in Metro are up 1.5 cents at $1.195 on volume of 1.13 million.

See: Shares in Metro rise on sale of China property

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