Brief: China Overseas Land & Investment Says Formation Of Joint Venture

China Overseas Land & Investment

15/12/2023 09:50

Dec 15 (Reuters) - China Overseas Land & Investment Ltd
 0688.HK :
    * FORMATION OF JOINT VENTURE IN RELATION TO LAND IN
GUANGZHOU, PRC
AND DEEMED DISPOSAL
    * FOLLOWING COMPLETION, JV COMPANY WILL BE OWNED AS TO 90%
AND 10%
BY GUANGAO AND CCFED
    * FORM A JV THROUGH JV COMPANY FOR PURPOSE OF INVESTING INTO
AND
DEVELOPING GUANGZHOU PROJECT
    * UNITS AND GUANGZHOU QIRUI REAL ESTATE DEVELOPMENT ENTERED
INTO
COOPERATION AGREEMENT
    * JV CO HAS REGISTERED CAPITAL OF RMB20 MILLION
    * UNDER AGREEMENT REGISTERED CAPITAL OF JV CO SHALL BE
INCREASED
FROM RMB20 MILLION TO RMB3,000 MILLION


Further company coverage:  0688.HK 

 ((Reuters.Briefs@thomsonreuters.com;))