Brief: Sapphire Corporation Updates On Investment In Associated Company

Sapphire

19/11/2018 10:08

Nov 19 (Reuters) - Sapphire Corporation Ltd  SAPP.SI :
    * CHENGDU WUHOU INDUSTRIAL DEVELOPMENT INVESTMENT MANAGEMENT
GROUP
AND CONSORTIUM WILL SET UP A PROJECT CO
    * REGISTERED SHARE CAPITAL OF PROJECT CO RMB50 MILLION
    * CONSORTIUM SIGNS AN PPP COOPERATION AGREEMENT WITH URBAN
AND
RURAL COORDINATION WORK BUREAU OF CHENGDU WUHOU DISTRICT
    * PROJECT CO TO CARRY OUT INVESTMENT, FINANCING WORKS, AMONG
OTHERS, FOR FIRST PHASE OF CHENGDU, WUHOU DISTRICT "LIVEABLE
RIVER BANK" PROJECT
    * PROJECT WITH ESTIMATED COST OF ABOUT RMB 1.4 BILLION
    * AS PART OF CONSORTIUM, UNIT RANKEN WILL HOLD 25% EQUITY
INTEREST
IN PROJECT COMPANY

Source text for Eikon:  ID:nSNZcdRgjN 
Further company coverage:  SAPP.SI 

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