Brief: Road King Infrastructure And Wai Kee Entered Framework Agreement

Road King Infrastructure

23/02/2021 15:05

Feb 23 (Reuters) - Road King Infrastructure Ltd  1098.HK :
    * COMPANY AND WAI KEE ENTERED INTO FRAMEWORK AGREEMENT
    * PURSUANT TO DEAL ONE OR MORE DEVELOPMENT JVS MAY FROM TIME
TO
TIME BE FORMED DURING TERM OF DEAL
    * AS AT FEB 23, WAI KEE WAS INTERESTED IN 44.16% OF CO'S
ISSUED
SHARE CAPITAL
    * WAI KEE GROUP'S PARTICIPATION/EQUITY INTEREST IN
DEVELOPMENT JV
DOES NOT EXCEED 45%
    * JV DEVELOPMENT CAN BE INITIATED AFTER CO SEES TOTAL
FINANCIAL
COMMITMENT OF PROPERTY DEVELOPMENT PROJECT EXCEEDS HK$1 BILLION

Source text for Eikon:  ID:nHKS4xx8J1 
Further company coverage:  1098.HK 

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