Brief: Guangdong Hong Kong Greater Bay Area Says Unit To Buy Shenzhen Zhonghongxin Real Estate Development

Greater Bay Area AI Computingtech

16/09/2020 14:56

Sept 16 (Reuters) - Guangdong Hong Kong Greater Bay Area
Holdings Ltd  1396.HK :
    * UNIT ENTERED MOU FOR POTENTIAL ACQUISITION OF SHENZHEN
ZHONGHONGXIN REAL ESTATE DEVELOPMENT
    * TOTAL CONSIDERATION OF ABOUT RMB 58 MILLION
    * SEES  INCREASE OF ABOUT 30%-40% IN ANNUAL CONTRACTED SALES
AS
COMPARED TO LAST YEAR
    * GUANGDONG HONG KONG GREATER BAY AREA SEES  REVENUE OF
ABOUT RMB3
BILLION FOR YEAR 2020
    * SEES COMPOUND GROWTH RATE OF ABOUT OF 70%- 80% IN ANNUAL
CONTRACTED SALES FOR YEAR 2021 AND YEAR 2022

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8QbgJh
Further company coverage:  1396.HK 

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