Brief: Chongqing Machinery & Electric Says Chongqing ABB Entered State-Owned Construction Land Use Right Transfer Contract

Chongqing Machinery & Electric Co

26/08/2020 14:38

Aug 26 (Reuters) - Chongqing Machinery & Electric Co Ltd
 2722.HK :
    * CHONGQING MACHINERY & ELECTRIC- IN JULY 2020, CHONGQING
ABB
ENTERED INTO STATE-OWNED CONSTRUCTION LAND USE RIGHT TRANSFER
CONTRACT
    * CHONGQING MACHINERY & ELECTRIC- CONTRACT WITH CHONGQING
MUNICIPAL PLANNING AND NATURAL RESOURCES BUREAU
    * CHONGQING MACHINERY & ELECTRIC - ESTIMATED TOTAL
INVESTMENT
AMOUNT FOR PROJECT IS ABOUT RMB1,051 MILLION
    * CHONGQING MACHINERY & ELECTRIC - CHONGQING ABB WILL INVEST
ABOUT
RMB65 MILLION IN PROJECT
    * CHONGQING MACHINERY & ELECTRIC - INTENDED TO COMMENCE
INVESTMENT
IN AND CONSTRUCTION ON TRANSFERRED LAND

Source text for Eikon:  ID:nHKS4JM761 
Further company coverage:  2722.HK 

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