HONG KONG--UBS AG is selling about $303 million worth of shares in China Cinda Asset Management Ltd. (1359.HK), according to a term sheet seen by The Wall Street Journal.

UBS is selling the 490 million China Cinda shares in a range of HK$4.72 to HK$4.87, representing a discount of 2%-5% to Monday's closing price of HK$4.97, according to a term sheet.

UBS is the sole bank to handle the transaction.

Write to Prudence Ho at prudence.ho@wsj.com

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