Henderson Land Development : HNA unit shares set to jump 15 percent after it sells HK sites for $2 billion

HONG KONG (Reuters) - Shares of Hong Kong International Construction Investment Management Group Co Ltd (>> Hong Kong Intl Consn Inv Mgmt Grp Co Ltd), a unit of HNA Group, were set to surge 15 percent on Tuesday after it agreed to sell two sites in the city to Henderson Land Development Co Ltd (>> Henderson Land Development Co., Ltd.) for $2 billion.

The stock was set to open at HK$2.42, compared to a 1.3 percent rise for the benchmark Hang Seng Index <.HSI>.

Shares of Henderson Land were set to open up 1 percent at HK$49.55.

The HNA unit said it would sell the two Hong Kong sites to Henderson Land for HK$16 billion ($2 billion), a deal expected to be completed on Feb. 14.

(Reporting by Donny Kwok; Editing by Anne Marie Roantree)