Brief: China Oriental Group Co Announces Deal For Fangchenggang Economic & Technological Development Zone Investment
03/09/2019 12:21
Sept 3 (Reuters) - China Oriental Group Co Ltd 0581.HK :
* UNIT ENTERED AGREEMENT FOR INVESTMENT IN FANGCHENGGANG
ECONOMIC
AND TECHNOLOGICAL DEVELOPMENT ZONE
* TOTAL INVESTMENT COST IS ESTIMATED TO BE ABOUT RMB30
BILLION
* ANNUAL IRON AND STEEL PRODUCTION CAPACITY OF PROJECT IS
ESTIMATED TO BE ABOUT 10 MILLION TONNES
* UNDER INVESTMENT AGREEMENT, SUBJECT TO BIDDING PROCESS,
LAND
WILL BE GRANTED FOR PROJECT WITH ACQUISITION COSTS OF ABOUT
RMB840 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS2PW3cd
Further company coverage: 0581.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on China Oriental
See all newsBrief: China Oriental Says Board Did Not Recommend Distribution Of Interim Dividend
China Oriental H1 revenue slips on weaker steel, property sales
Brief: China Oriental QTRLY Unaudited Operating Profit After Net Finance Costs RMB 228 Million
Brief: China Oriental Reports First Quarter Operating Income Of RMB801.3 Million for Qingdao Huijintong Power Equipment
Brief: China Oriental Logs FY Total Operating Income For Qingdao Huijintong Power Equipment RMB4.18 Bln