Brief: China Overseas Land & Investment Announces Formation Of A Joint Venture Company

China State Construction International Holdings

06/12/2018 09:09

Dec 6 (Reuters) - China Overseas Land & Investment Ltd
 0688.HK :
    * ANNOUNCES FORMATION OF JOINT VENTURE COMPANY
    * JV COMPANY TO DEVELOP RESIDENTIAL AND COMMERCIAL
PROPERTIES AT
LAND IN FUZHOU
    * JV COMPANY TO BE FORMED WITH A REGISTERED CAPITAL OF
RMB500
MILLION
    * JV COMPANY WILL BE OWNED BY UNIT AS TO 50% AND SHENZHEN
CHINA
OVERSEAS CONSTRUCTION AS TO 50%
    * ESTIMATED TOTAL INVESTMENT AMOUNT IS RMB1.69 BILLION
    * HAIZE & SCOC, JOINT BIDDERS, WINS BID FOR LAND FROM FUZHOU
MUNICIPAL BUREAU OF LAND RESOURCES FOR RMB1.09 BILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5jJQN0
Further company coverage:  0688.HK 

 (Reuters.Briefs@thomsonreuters.com)