Brief: Chinese Estates Announces Formation Of Joint Venture

Chinese Estates Holdings

14/09/2023 15:17

Sept 14 (Reuters) - Chinese Estates Holdings Ltd
 0127.HK :
    * FORMATION OF JOINT VENTURE AND SUCCESSFUL TENDER OF LAND
BY
JOINT VENTURE
    * JV IS ULTIMATELY HELD BY CO , SINO LAND, CHINA OVERSEAS
AND
GREAT EAGLE, AS TO 10%, 50%, 20% AND 20%, RESPECTIVELY
    * GROUP'S CAPITAL COMMITMENT FOR TRANSACTIONS IS ESTIMATED
TO BE
HK$1,050 MILLION
    * UNIT OF JV RECEIVED ACCEPTANCE LETTER FROM LANDS
DEPARTMENT FOR
TENDER FOR LAND SITUATED IN HONG KONG  HAS BEEN ACCEPTED
    * UNIT OF JV RECEIVED ACCEPTANCE LETTER FROM LANDS
DEPARTMENT FOR
TENDER FOR LAND AT LAND PREMIUM OF HK$5,350 MILLION


Further company coverage:  0127.HK 

 ((Reuters.Briefs@thomsonreuters.com;))