Brief: Jiu Rong Proposes Capital Increase In Heilongjiang Xin Luzhou Real Estate Development

Jiu Rong Holdings

16/12/2022 10:32

Dec 16 (Reuters) - Jiu Rong Holdings Ltd  2358.HK :
    * PROPOSED CAPITAL INCREASE IN HEILONGJIANG XIN LUZHOU REAL
ESTATE
DEVELOPMENT
    * JV SHAREHOLDERS AGREED TO INCREASE REGISTERED CAPITAL OF
HEILONGJIANG XIN LUZHOU REAL ESTATE DEVELOPMENT FROM RMB155
MILLION TO RMB300 MILLION
    * UNIT AGREED TO CONTRIBUTE RMB66.70 MILLION IN CASH IN
PROPORTION
TO RESPECTIVE SHAREHOLDINGS IN JV COMPANY
    * UPON COMPLETION, SHAREHOLDING OF UNIT, AMONG OTHERS IN JV
CO
SHALL REMAIN UNCHANGED

Source text for Eikon:  ID:nHKS5CtvG9 
Further company coverage:  2358.HK 
 ((Reuters.Briefs@thomsonreuters.com;))