Brief: C Cheng Holdings's Unit Entered Into Sino-Foreign JV Agreement With BMEDI
13/08/2019 16:00
Aug 14 (Reuters) - C Cheng Holdings Ltd 1486.HK :
* UNIT ENTERED INTO SINO-FOREIGN JV AGREEMENT WITH BMEDI TO
ESTABLISH SINO-FOREIGN JV COMPANY, C-BAY SMART CITIES LIMITED
* TOTAL INVESTMENT OF SINO-FOREIGN JV COMPANY SHALL BE HK$50
MILLION
* JVCO WITH BEIJING GENERAL MUNICIPAL ENGINEERING DESIGN &
RESEARCH INSTITUTE TO PROVIDE SERVICES TO GOVERNMENT, PROPERTY
OWNERS
* UNIT TO CONTRIBUTE HK$15.0 MILLION IN CASH TOWARDS
SINO-FOREIGN
JV CO
Source text for Eikon: ID:nHKS8K2JVC
Further company coverage: 1486.HK
((Reuters.Briefs@thomsonreuters.com;))
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