Brief: China New Town Development says establishment of subsidiary

China New Town Development

01/12/2015 10:56

Dec 1 (Reuters) - China New Town Development Co Ltd  1278.HK : 
 * Connected transaction under listing rules and interested person transaction 
   under listing manual-establishing a subsidiary cdb modern agriculture 
   investment management company limited  1278.HK  
 * Says unit entered into the agreement regarding the establishment of 
   cdb agriculture with Chengdu felsted and cdb longquanyi 
 * Says the registered capital and initial paid-in capital of which are 
   proposed to be RMB47.7 million and RMB43.4 million respectively 
 * Transaction is not expected to have material impact on consolidated nta per share and consolidated EPS for December 31, 2015 
 * Source text (http://bit.ly/1Pr3tDI) 
 
 
 
  
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