Brief: Bank of East Asia updates on joint bidding of land in Qianhai

Kerry Properties

02/12/2016 09:47

Dec 2 (Reuters) - Bank Of East Asia  0023.HK : 
    * Bank, khl and kpl entered into bidding agreement in 
respect of their joint bidding of land in qianhai 
    * Joint Bidding Of Land In Qianhai And Payment Of Deposit 
    * Bank, khl and kpl jointly paid deposit of rmb604.0 million 
under the agreement 
    * Bank of east asia- bank, khl and kpl jointly paid deposit 
of rmb604.0 million (approximately hk$682.52 million) in cash 
    * "land use type of land is for commercial use and will be 
granted for a term of 40 years" 
 
Source text (http://bit.ly/2gtUzcL) 
Further company coverage:  0023.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))