Brief: First Sponsor Group's Unit Enters JV With Poly Bay Area Investment Development
17/06/2019 24:38
June 17 (Reuters) - First Sponsor Group Ltd FSCA.SI :
* UNIT ENTERED INTO JOINT VENTURE AGREEMENT WITH POLY BAY
AREA
INVESTMENT DEVELOPMENT
* POLY BAY AREA'S CONTRIBUTION TO JV RMB1.05 BILLION
* UNIT'S CAPITAL CONTRIBUTION TO JV RMB405.0 MILLION OR
27% OF
OWNERSHIP
* JVCO WITH POLY BAY AREA INVESTMENT DEVELOPMENT & SHOUCHENG
(DONGGUAN) REAL ESTATE TO DEVELOP WANJIANG VICTORY LAND
Source text for Eikon: urn:newsml:reuters.com:*:nSNZ60Mdxm
Further company coverage: FSCA.SI
(Reuters.Briefs@thomsonreuters.com)
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