Brief: Kerry Properties Updates Consortium Formed By Brilliant And Reco

Kerry Properties

23/02/2021 15:29

Feb 23 (Reuters) - Kerry Properties Ltd  0683.HK :
    * CONSORTIUM FORMED BY BRILLIANT AND RECO GOT CONFIRMATION
NOTICE
FROM SHANGHAI BUREAU THAT TENDER BID IS SUCCESSFUL
    * MAXIMUM FUNDING COMMITMENT TO PROJECT CO TO BE CONTRIBUTED
BY
GROUP IS EXPECTED TO BE RMB2.67 BILLION
    * CONFIRMATION NOTICE ALSO SAYS LAND USE RIGHT OF PROJECT
LAND IS
GRANTED TO CONSORTIUM
    * PROJECT CO WILL ENTER INTO LAND GRANT CONTRACT WITH
SHANGHAI
BUREAU
    * PARTIES WILL ENTER SHAREHOLDERS' AGREEMENT TO FORM PROJECT
CO
FOR HOLDING AND DEVELOPMENT OF PROJECT LAND

Source text for Eikon:  ID:nHKS6h3wNl 
Further company coverage:  0683.HK 

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