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Brief: China New Town Development updates on investment partnership

Aug 5 (Reuters) - China New Town Development Co Ltd  1278.HK : 
 * Investment partnership, CDB New Town New-Type Urbanization Development Fund, 
   will invest RMB 150 million on project of shanty town reformation in 
   qinhuangdao 
 * Qinhuangdao project has obtained approximately RMB 2.1 billion shanty town 
   reformation loan from CDB 
 * Expected that the group will realize over a 30% annual investment return 
 
* Source text for Eikon  ID:nHKS7TMgPt  
 
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