Brief: Royale Furniture Holdings Says Unit & Guangzhou City Planning And Natural Resources Bureau Entered Agreement

Royale Home Holdings

25/08/2020 16:18

Aug 25 (Reuters) - Royale Furniture Holdings Ltd  1198.HK :
    * UNIT & GUANGZHOU CITY PLANNING AND NATURAL RESOURCES
BUREAU
ENTERED INTO A CUSTODIAN AGREEMENT
    * BASE PRICE OF TARGET LAND PARCEL IS EXPECTED TO BE NOT
HIGHER
THAN RMB3.83 BILLION
    * APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF
TRADING IN
SHARES FROM 9 AM ON 26 AUG
    * PROPERTY DEVELOPER AND YUFA FURNITURE INTEND TO ESTABLISH
JV FOR
PARTICIPATING IN BIDDING AND DEVELOPMENT OF TARGET LAND PARCEL

Source text for Eikon:  ID:nHKS6qtdBT 
Further company coverage:  1198.HK 

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