Brief: Parkson Retail Group Says Unit And Hongxiang Real Estate Entered JV Cooperation Agreement
16/10/2020 02:03
Oct 16 (Reuters) - PARKSON Retail Group Ltd 3368.HK :
* ON 15 OCT, UNIT AND HONGXIANG REAL ESTATE ENTERED JOINT
VENTURE
COOPERATION AGREEMENT
* TOTAL CONTRIBUTION IN JV OF RMB1.55 BILLION
* UNIT WILL MAKE CAPITAL CONTRIBUTION OF RMB450 MILLION BY
CASH &
BY WAY OF SHAREHOLDER'S LOAN
* UNDER AGREEMENT, PARTIES INTEND TO JOINTLY LOCATE SUITABLE
LAND
RESOURCES WITHIN JIAXING CITY FOR FUTURE DEVELOPMENTS
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8WPy91
Further company coverage: 3368.HK
((Reuters.Briefs@thomsonreuters.com;))
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