Brief: Shenzhen International Says Unit And Guangzhou Railway Group Entered Agreement To Establish JV Co

Shenzhen International Holdings

27/03/2020 15:32

March 27 (Reuters) - Shenzhen International Holdings Ltd
 0152.HK :
    * UNIT AND GUANGZHOU RAILWAY GROUP ENTERED AGREEMENT TO
JOINTLY
ESTABLISH A JV CO & DEVELOP PINGHUNAN PROJECT
    * GROUP & GUANGZHOU RAILWAY GROUP WILL CONTRIBUTE RMB360
MILLION &
RMB40 MILLION RESPECTIVELY TO ESTABLISH JV CO
    * POST TRANSACTION,  SHENZHEN INTERNATIONAL (SZ) WILL HOLD
90%
STAKE IN JV CO

Source text for Eikon:  ID:nHKS9mzKWD 
Further company coverage:  0152.HK 

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