Brief: China Overseas Land & Investment Announces Formation Of JV In Relation To Land In Kai Tak
March 20 (Reuters) - China Overseas Land & Investment Ltd
0688.HK :
* CHINA OVERSEAS LAND & INVESTMENT LTD ANNOUNCES FORMATION
OF
JOINT VENTURE IN RELATION TO LAND IN KAI TAK
* WORKING CAPITAL REQUIREMENTS OF JV COMPANY IN RELATION TO
DEVELOPMENT OF LAND IS EXPECTED TO BE HK$12.64 BILLION
* JV CO WILL BE OWNED AS TO 80% AND 20% BY COLI AND CSC,
RESPECTIVELY
* CO, CHINA STATE CONSTRUCTION INTERNATIONAL HOLDINGS AND
MACFULL
LIMITED ENTER JV AGREEMENT
Source text for Eikon: urn:newsml:reuters.com:*:nHKS2xsnvy
Further company coverage: 0688.HK
((Reuters.Briefs@thomsonreuters.com;))
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