Brief: Gemdale Properties And Investment Says Formation Of Joint Venture

Gemdale Properties and Investment

31/07/2024 11:24

July 31 (Reuters) - Gemdale Properties and Investment
Corporation Ltd  0535.HK :
    * FORMATION OF JOINT VENTURE
    * JOINT VENTURE WILL BE HELD AS TO 20% BY SHANGHAI JINDIWEI
AND
80% BY OTHER JV PARTNERS
    * INVESTMENT SCALE OF JOINT VENTURE IS CAPPED AT RMB1.5
BILLION
    * JV FOR ACQUISITION, INVESTMENT AND OPERATIONS OF GEMDALE
BUSINESS PARK PROJECTS
    * SHANGHAI JINDIWEI AND OTHER JV PARTNERS ENTERED INTO JV
AGREEMENT


Further company coverage:  0535.HK 

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