Brief: China Overseas Land & Investment Says Potential Discloseable Transaction For Formation Of JV

China Overseas Land & Investment

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;))