The purchase consideration will be paid in cash. Some RMB20.5 million has already been paid following a letter of intent signed by Excellent Esteem, Tishman Speyer and Shanghai Dowell on Sept 21, 2020. Based on FPL’s statements for FY2020, the book value attributable to the sale as at Sept 30, 2020, is approximately RMB1.16 billion. The estimated net gain is around $90 million. Assuming the divestment had been completed on Sept 30, 2020, FPL’s net tangible assets (NTA) would’ve been $6.92 billion instead of $6.84 billion. Earnings per share (EPS) would have been 6.19 cents after fair value change, from 3.81 cents. Shares in FPL closed 1 cent higher or 0.8% up at $1.28 on Jan 21.