Brief: Dreameast Group's Unit Wins Land Use Rights Bid In Jiangyin City For RMB474.2 Mln

DreamEast

30/01/2019 12:42

Jan 30 (Reuters) - DreamEast Group Ltd  0593.HK :
    * UNIT WINS BID OF LAND USE RIGHTS OF LANDS SITUATED AT
XUXIAKE
COUNTY IN JIANGYIN CITY FOR RMB474.2 MILLION
    * PURSUANT TO COOPERATION AGREEMENT, JV COMPANY WILL BE
OWNED AS
TO 51% BY SKYOCEAN CULTURAL AND 49% BY JINMAO INVESTMENT
    * JV CO SHALL HAVE A REGISTERED CAPITAL OF RMB300 MILLION

Source text for Eikon:  ID:nHKS55WRZH 
Further company coverage:  0593.HK 

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