Brief: Shenzhen International Says Unit Entered Into Capital Increase Agreement With Vanke Development

Shenzhen International Holdings

18/02/2022 10:35

Feb 18 (Reuters) - Shenzhen International Holdings Ltd
 0152.HK :
    * UNIT ENTERED INTO CAPITAL INCREASE AGREEMENT WITH VANKE
DEVELOPMENT
    * VANKE DEVELOPMENT AGREED TO MAKE A CAPITAL CONTRIBUTION OF
RMB915.1 MILLION TO QIANHAI BUSINESS
    * UPON COMPLETION OF DEAL, GROUP'S EQUITY INTEREST IN
QIANHAI
BUSINESS WILL BE DILUTED FROM CURRENT 100% STAKE TO 72% STAKE


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