Brief: China New City Commercial Development says Zhong AN Shenglong enters into MoU with Hangzhou Oriental

China New City

11/01/2017 14:41

Jan 11 (Reuters) - China New City Commercial Development Ltd 
 1321.HK  : 
    * Zhong AN Shenglong entered into a memorandum of 
understanding with Hangzhou Oriental 
    * Agreement for acquisition by Zhong An Shenglong of 42.5% 
of interest in Zhejiang Xinnongdou from Hangzhou Oriental 
    * Proposed consideration for acquisition is expected to be 
about RMB700 million 
    * Consideration will be settled partly by cash and partly by 
issue of new shares in CNC 
 
Source text : (http://bit.ly/2iFUil7) 
Further company coverage:  1321.HK,0672.HK  
 
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