Brief: Shenzhen International Says Two Units Entered Land Use Right Transfer Agreements Separately

Shenzhen International Holdings

02/07/2020 02:11

July 2 (Reuters) - Shenzhen International Holdings Ltd
 0152.HK :
    * TWO UNITS ENTERED INTO THREE LAND USE RIGHT TRANSFER
AGREEMENTS
SEPARATELY
    * TOTAL PRICE FOR LAND TRANSFER IS ABOUT RMB3,652 MILLION
    * AGREEMENTS WITH AUTHORITY OF QIANHAI SHENZHEN-HONG KONG
MODERN
SERVICE INDUSTRY COOPERATION ZONE OF SHENZHEN
    * EXPECTED THAT POST CONSTRUCTION & SALE OF PROJECT, VALUE
OF
GROUP'S RESOURCES IN AREA WILL BE SIGNIFICANTLY INCREASED
    * ENTERING AGREEMENTS EXPECTED TO BRING ABOUT RMB3,553
MILLION
PROFIT BEFORE TAX TO GROUP'S 2020 ANNUAL RESULTS
    * PLANS TO CONDUCT AN IN-DEPTH COOPERATION WITH QIANHAI
AUTHORITY
TO ESTABLISH A BONDED RESEARCH AND DEVELOPMENT CENTER AMONG
OTHERS

Source text for Eikon:  ID:nHKS5wBh7d 
Further company coverage:  0152.HK 

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