Brief: China Overseas Land & Investment Says Potential Discloseable Transaction For Formation Of JV
24/10/2023 16:59
Oct 24 (Reuters) - China Overseas Land & Investment Ltd
0688.HK :
* POTENTIAL DISCLOSEABLE TRANSACTION RELATING TO FORMATION
OF
JOINT VENTURE
* UNIT AND SHANGHAI LONGHUA CONSTRUCTION DEVELOPMENT ENTERED
INTO
BIDDING AGREEMENT ON OCT 19
* PARTIES HAVE SUCCEEDED IN BID OF LAND USE RIGHTS OF LANDS
IN
SHANGHAI AT CONSIDERATION OF RMB24,016 MILLION
* PARTIES AGREE TO ESTABLISH JOINT VENTURE COMPANY TO
ACQUIRE,
HOLD AND DEVELOP LANDS IN SHANGHAI
Source text for Eikon: ID:nHKS7MTdb9
Further company coverage: 0688.HK
((Reuters.Briefs@thomsonreuters.com;))
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