Brief: China Lesso Group Holdings Intends To Cooperate With Proposed JV Partner To Form Proposed JV
11/01/2019 14:26
Jan 11 (Reuters) - China Lesso Group Holdings Ltd 2128.HK :
* CHINA LESSO GROUP HOLDINGS - GROUP INTENDS TO COOPERATE
WITH
PROPOSED JV PARTNER TO FORM PROPOSED JV, WHICH WILL LEASE
CERTAIN LAND PARCELS IN MYANMAR
* CHINA LESSO GROUP HOLDINGS LTD - LESSO MALL & PROPOSED JV
PARTNER SHALL SUBSCRIBE FOR SHARES OF PROPOSED JV IN RATIO OF
60% AND 40% RESPECTIVELY
* CHINA LESSO GROUP HOLDINGS LTD - LESSO MALL SHALL INVEST
OF
US$52.5 MILLION & PROPOSED JV PARTNER SHALL INVEST US$35 MILLION
WITHIN 2 YEARS OF ISSUES PERMIT
Source text for Eikon: ID:nHKS8n8Qbt
Further company coverage: 2128.HK
((Reuters.Briefs@thomsonreuters.com;))
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