Brief: Shenzhen International Says Group Entered Land Consolidation & Preparation Agreement

Shenzhen International Holdings

30/09/2019 02:41

Sept 30 (Reuters) - Shenzhen International Holdings Ltd
 0152.HK :
    * GROUP, SHENZHEN UPNRB & QIANHAI AUTHORITY ENTER LAND
CONSOLIDATION & PREPARATION AGREEMENT
    * AGREEMENT IN RESPECT OF LAND CONSOLIDATION & PREPARATION
PLAN OF
GROUP'S 5 LAND PARCELS IN QIANHAI
    * PARTIES AGREE THAT GROUP SHALL RECEIVE COMPENSATION OF
ABOUT
RMB2,468 MILLION FOR LAND USE  ARRANGEMENT
    * AGGREGATE VALUE OF LAND SITES UNDER LAND USE ARRANGEMENTS
IN
QIANHAI TO WHICH GROUP IS ENTITLED TO ABOUT RMB8,373 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8RG1pQ
Further company coverage:  0152.HK 

 (Reuters.Briefs@thomsonreuters.com)