Brief: Shui On Land Says Unit Entered Into Deed In Relation To Formation Of JV

Shui On Land

22/12/2020 10:22

Dec 22 (Reuters) - Shui On Land Ltd  0272.HK :
    * PACIFIC WIDE ENTERED INTO DEED WITH JV CO AND FIRST GLOBE
IN
RELATION TO FORMATION OF JV CO
    * AGGREGATE AMOUNT OF COMMITTED CONTRIBUTION BY SHAREHOLDERS
OF JV
CO WILL NOT EXCEED RMB1.62 BILLION
    * JV CO TO BUY A PROJECT CO THAT HOLDS REAL ESTATE
PROPERTIES IN
QINHUAI DISTRICT, NANJING
    * JV CO TO BE OWNED AS TO 50% BY PACIFIC WIDE AND 50% BY
FIRST
GLOBE

Source text for Eikon:  ID:nHKS58h0Th 
Further company coverage:  0272.HK 

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