BRIEF-Arthaland Corp Approved Sale Of 40% Stake In Bhavana Properties, Inc.

Dec 24 (Reuters) – ArthaLand Corp ALCO.PS:

• ARTHALAND CORP – ON 15 DEC, APPROVED SALE OF 40% OF ITS STAKE IN BHAVANA PROPERTIES, INC.

• ARTHALAND CORP – ALSO SOLD SHAREHOLDER ADVANCES IN BHAVANA PROPERTIES WITH PRINCIPAL BALANCE AMOUNTING TO 221.2 MILLION PESOS

• ARTHALAND CORP – DEAL REGARDING BHAVANA PROPERTIES FOR TOTAL AMOUNT OF 258 MILLION PESOS

• ARTHALAND CORP – APPROVED SALE OF 40% STAKE IN BHAVYA PROPERTIES, INC & SHAREHOLDER ADVANCES THEREIN WITH A PRINCIPAL BALANCE OF 197.5 MILLION PESOS

• ARTHALAND CORP – DEAL REGARDING BHAVYA PROPERTIES FOR TOTAL AMOUNT OF 258 MILLION PESOS

• ARTHALAND CORP – WILL RETAIN OWNERSHIP OF 60% OF BHAVANA AND BHAVYA

Source text for Eikon: ID:nPSX1kkWZH

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(Reuters.briefs@thomsonreuters.com)