Brief: Road King Infrastructure Says Unit, Kuangmei Property And Others Entered Into Cooperation Agreement

Road King Infrastructure

03/12/2021 14:54

Dec 3 (Reuters) - Road King Infrastructure Ltd  1098.HK :
    * UNIT, KUANGMEI PROPERTY AND KUANGJIN PROPERTY ENTERED INTO
COOPERATION AGREEMENT
    * AGREEMENT SETS OUT ARRANGEMENTS ON SUZHOU RK'S ACQUISITION
OF
45% STAKE IN & SHAREHOLDER LOAN OF KUANGJIN PROPERTY
    * CONSIDERATION FOR CONDITIONAL ACQUISITION IS RMB1,021.6
MILLION
    * SUZHOU RK & KUANGMEI PROPERTY TO MAKE CONTRIBUTION OF
RMB448.8
MILLION & RMB548.5 MILLION TO KUANGJIN PROPERTY, RESPECTIVELY

Further company coverage:  1098.HK 

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