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2270 — Desun Real Estate Investment Services News Story

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Brief: Desun Real Estate Investment Services Group Announces Formation Of JV

Sept 11 (Reuters) - Desun Real Estate Investment
Services Group Co Ltd  2270.HK :
    * FORMATION OF JOINT VENTURE
    * CHENGDU FENGZHI AND QD WUFENG ENTERED INTO INVESTMENT
COOPERATION AGREEMENT FOR FORMATION OF JV
    * PURSUANT TO INVESTMENT COOPERATION AGREEMENT, TOTAL
CONTRIBUTION
AMOUNT SHALL BE RMB100 MILLION
    * 60% TOTAL CONTRIBUTION AMOUNT SHALL BE CONTRIBUTED BY
CHENGDU
FENGZHI AND REMAINING 40% BY QD WUFENG
    * JV TO CARRY OUT LIVE STREAMING BUSINESS, AMONG OTHERS TO
AND
OPERATE  LIVE STREAMING INDUSTRIAL PARK


Further company coverage:  2270.HK 

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

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