Brief: China Merchants Land Updates On Investment In Rui'an Jiamao Real Estate Co Ltd

China Merchants Land

27/05/2019 15:59

May 27 (Reuters) - China Merchants Land Ltd  0978.HK :
    * UNIT, CHINA JINMAO, LIANGHENG INVESTMENT, PLENTY THRIVE
INVESTMENT, BRILLIANT FRIEND, RUI'AN JIAMAO REAL ESTATE  ENTERED
DEAL
    * DEAL FOR DEVELOPMENT OF LAND THROUGH RUI'AN JIAMAO REAL
ESTATE
CO
    * PURUSANT TO DEAL, SHARE CAPITAL INCREASE OF $86.9 MILLION
SHALL
BE MADE TO PLENTY THRIVE INVESTMENT
    * PURSUANT TO AGREEMENT, CHAMPION APEX TO SUBSCRIBE 24.5% OF
SHARES IN PLENTY THRIVE INVESTMENT LTD FOR US$21.3 MILLION
    * CHAMPION APEX SHALL PROVIDE SHAREHOLDERS' LOAN TO PLENTY
THRIVE
INVESTMENT IN AN AMOUNT OF ABOUT RMB227.2 MILLION

Source text for Eikon:  ID:nHKS2FzbsR 
Further company coverage:  0978.HK 

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