Brief: Shenzhen International Says Unit And Guangzhou Railway Group Entered Agreement To Establish JV Co
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;))
Recent news on SHENZHEN INTERNATIONAL HOLDINGS
See all newsToll operator Shenzhen International posts H1 loss on higher costs
Brief: Shenzhen International Says Longshen International Enters Construction Contract
Shenzhen International hits near 3-year low on weak earnings estimates
Brief: Shenzhen International Expects H1 Loss Attributable
Brief: Shenzhen International Says SZ Expressway Subscribes Two Structured Deposit Products Totaling RMB800 Million