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Ingenia Communities Group to Sell Six New South Wales Communities for AU$124 Million

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Ingenia Communities Group (ASX:INA) entered unconditional contracts to sell six New South Wales communities for AU$124 million, in line with its capital recycling strategy, according to a Thursday filing with the Australian bourse.

The portfolio, comprising two mature land lease communities and four holiday park and mixed-use tourism assets, was sold at its June 30 book value, reflecting an about 6.5% yield, per the filing.

Settlements are expected to take place between September and November, with the proceeds initially used to reduce debt, the filing added.

What else is happening in Asia?

Asia

Western Mining Subsidiary to Donate to Tibet Mudslide Victims

Western Mining (SHA:601168) subsidiary Tibet Yulong Copper donated 10 million yuan for mudslide victims in Gyirong County in Tibet, according to a Wednesday filing with the Shanghai bourse.The donation will come from the subsidiary's own funds.Company shares fell 2% during the midday break on Wednesday.

SHA:601168
Asia

Gunkul Engineering Names CFO

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SET:GUNKUL
Asia

Viva Goods Ups Stake in Sportswear Giant Li Ning

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HKG:0933HKG:2331