Brief: Karrie International says unit enters into land use rights grant contracts

Karrie International Holdings

29/12/2015 12:00

Dec 29 (Reuters) - Karrie International Holdings Ltd  1050.HK : 
 * Discloseable transaction in relation to change of land use  1050.HK  
 * Assignee entered into the land use rights grant contracts with the Dongguan land and resources bureau 
 * Deal for consideration of RMB52 million 
 * Says term of the land use right for residential use is 70 years and  commercial use is 40 years 
 * Says group expects to commence the construction of above project in first  half of 2017 or before 
 
 * Source text for Eikon  ID:nHKS5Y0MZ8  
 
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