Brief: China Sandi Holdings says intended JV partner was unsuccessful in the public tender
25/01/2016 10:37
Jan 25 (Reuters) - China Sandi Holdings Ltd 0910.HK : * Says reconstruction office has already refunded the earnest monies in the sum of RMB120 million to Fujian Jiake * Intended jv partner had participated in the public tender for the identified land which took place on 21 January but was unsuccessful * Fujian Jiake does not have substantial business or assets and group does not have any business plan which intends to implement through Fujian jiake * Says company will continue to actively looking for investment opportunities * After reconsideration,group & Fuzhou gaojia decided to maintain Fujian Jiake for future cooperation in properties development and investment * Source text for Eikon ID:nHKS3P2jBj ((For more news, please click here 0910.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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