Brief: China Merchants Land Saya Unit Entered Into Cooperation Agreement With Nanjing Huade And Nanjing Huayao Real Estate Co

China Merchants Land

16/06/2020 16:33

June 16 (Reuters) - China Merchants Land Ltd  0978.HK :
    * UNIT ENTERED INTO COOPERATION AGREEMENT WITH NANJING HUADE
AND
NANJING HUAYAO REAL ESTATE CO FOR DEVELOPMENT OF QINHUAI LAND
    * UNIT MERCHANTS NANJING AND NANJING HUADE TO BEAR LAND
PRICE OF
RMB6.91 BILLION
    * DEVELOPMENT OF QINHUAI LAND TO BE DONE VIA PROJECT CO
NANJING
HUAYAO REAL ESTATE
    * AFTER  COOPERATION AGREEMENT, REGISTERED CAPITAL OF
PROJECT CO
SHALL BE INCREASED TO RMB4 BILLION
    * UNIT'S STAKE IN PROJECT CO 45%

Source text for Eikon:  ID:nHKS38dJDd 
Further company coverage:  0978.HK 

 ((Reuters.Briefs@thomsonreuters.com;))