Brief: Kingdom Holdings Says Zhejiang Jinyuan And Kingdom Creative Enter Settlement Deal
23/10/2020 11:34
Oct 23 (Reuters) - Kingdom Holdings Ltd 0528.HK :
* ZHEJIANG JINYUAN AND KINGDOM CREATIVE ENTERED SETTLEMENT
AGREEMENT
* INFORMED BY KINGDOM CREATIVE THAT PROPERTY CAN NO LONGER
BE
CONSTRUCTED AS A PRODUCTION FACILITIES AS ORIGINALLY PLANNED
* PARTIES AGREED SALE AND PURCHASE AGREEMENT SHALL BE
TERMINATED
AND ACQUISITION SHALL NOT PROCEED TO COMPLETION
* RMB48 MILLION SHALL BE REFUNDED TO ZHEJIANG JINYUAN
Source text for Eikon: ID:nHKS7r05zC
Further company coverage: 0528.HK
((Reuters.Briefs@thomsonreuters.com;))
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