Brief: China Merchants Land Announces Joint Bidding Cooperation Framework Agreement
23/11/2020 22:44
Nov 24 (Reuters) - China Merchants Land Ltd 0978.HK :
* CHONGQING MERCHANTS YI CHENG ENTERED JOINT BIDDING
COOPERATION
FRAMEWORK AGREEMENT WITH HONGKONG LAND (CHONGQING)
* CHONGQING MERCHANTS YI CHENG & HONGKONG LAND (CHONGQING)
TO
ESTABLISH BIDDING ENTITY, OWNED 51% BY CHONGQING MERCHANTS
* CHONGQING MERCHANTS YI CHENG & HONGKONG LAND (CHONGQING)
TO PAY
SECURITY DEPOSIT OF RMB187.6 MILLION & RMB180.3 MILLION, RESP
* IF BIDDING ENTITY WINS BIDDING OF LAND USE RIGHT, PARTIES
TO
ESTABLISH JV CO TO ACQUIRE, HOLD AND DEVELOP LAND IN CHONGQING
Source text https://bit.ly/3lY7XER
Further company coverage: 0978.HK
((Reuters.Briefs@thomsonreuters.com;))
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