Brief: China Merchants Land Ltd Says Unit Enters Capital Increase Agreement
28/05/2020 16:00
May 28 (Reuters) - China Merchants Land Ltd 0978.HK :
* UNIT ENTERED CAPITAL INCREASE AGREEMENT WITH OVERSEAS
CHINESE
TOWN (XI'AN)
* REGISTERED CAPITAL OF PROJECT CO WILL BE INCREASED FROM
RMB500
MILLION TO RMB980.4 MILLION
* OVERSEAS CHINESE TOWN (XI'AN) AGREED TO ACQUIRE 49% OF
EQUITY
INTEREST IN PROJECT COMPANY
* EXPECTS NET PROCEEDS FROM DEEMED DISPOSAL, AFTER DEDUCTION
OF
RELEVANT COST & EXPENSES, ABOUT RMB480.5 MILLION
* OVERSEAS CHINESE TOWN TO CONTRIBUTE RMB480.4 MILLION FOR
REGISTERED CAPITAL OF PROJECT CO
Source text for Eikon: ID:nHKS4hBm2W
Further company coverage: 0978.HK
(Reuters.Briefs@thomsonreuters.com)
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