Brief: Great Eagle Says Formation Of Joint Venture For Development Of Site

Great Eagle Holdings

14/09/2023 02:29

Sept 14 (Reuters) - Great Eagle Holdings  0041.HK :
    * FORMATION OF A JOINT VENTURE FOR DEVELOPMENT OF SITE
    * ON 11 SEPT MEMORANDUM OF AGREEMENT FOR FORMATION OF JV CO
WAS
ENTERED INTO AMONG JV PARTNERS
    * TOTAL CAPITAL COMMITMENT FOR DEVELOPMENT OF SITE IS
ESTIMATED TO
BE AROUND HK$10.5 BILLION INCLUDING CONSTRUCTION COSTS
    * JV PARTNERS COMPRISING SINO LAND, CHINA OVERSEAS, COMPANY
AND
CHINESE ESTATES
    * MAXIMUM CAPITAL CONTRIBUTION OF GROUP UNDER JV AGREEMENT
TO BE
ENTERED INTO AMONG JV PARTIES IS EXPECTED TO BE HK$2.1 BILLION

Source text for Eikon:  ID:nHKS7zmvCD 
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