Brief: New City Development Says Entered Memorandum Of Cooperation To Set Up Strategic Partnership

New City Development

17/08/2018 16:34

Aug 17 (Reuters) - New City Development Group Ltd  0456.HK :
    * CO AND ZHONGFANG UNITED INVESTMENT GROUP HEALTH INDUSTRY
INVESTMENT ENTERED INTO NON-LEGALLY BINDING MEMORANDUM OF
COOPERATION
    * PARTIES TO ESTABLISH GUANGZHOU ZHONGFANG NEW CITY PROJECT
MANAGEMENT WITH A REGISTERED CAPITAL OF RMB30 MILLION
    * ONCE SET UP, ZHONGFANG NEW CITY PROJECT MANAGEMENT TO SET
UP A
LIMITED PARTNERSHIP WITH TOTAL INVESTMENT OF RMB1 BILLION

Source text for Eikon:  ID:nHKS46GtmP 
Further company coverage:  0456.HK 

 ((Reuters.Briefs@thomsonreuters.com;))