Brief: China New Town Development Co enters cooperative investment agreement with Vanke Bj

China New Town Development

26/10/2016 11:05

Oct 26 (Reuters) - China New Town Development Co Ltd 
 1278.HK  
    * Cdb New Town and Vanke Bj entered into cooperative 
investment agreement 
    * Cdb new town shall contribute equity capital of rmb50 
million in cash to joint venture to be incorporated with vanke 
bj for project 
    * Unit, vanke bj entered into a series of investment 
agreements with Junzhuang Town Government Of Beijing Mentongou 
District 
    * Agreements also with Mengwu Village Co-Op, Dongshan 
village co-op and Jiahua for development of junzhuang town 
project 
    * Project for total amount of rmb209.4 million 
    * Pursuant agreements group and vanke bj shall jointly 
develop and operate project 
 
Source text for Eikon:  ID:nHKS6vqW4m  
Further company coverage:  1278.HK  
 
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