Brief: Sinarmas Land & Unit Enter JV Deal With Rongqiao Group

Sinarmas Land

26/03/2019 13:32

March 26 (Reuters) - Sinarmas Land Ltd  SINA.SI :
    * CO & SHINING GOLD REAL ESTATE (CHENGDU) ENTERED INTO A JV
AGREEMENT WITH RONGQIAO GROUP & TAICANG RONGGUAN REAL ESTATE
DEVELOPMENT
    * COMPANY IS OF VIEW THAT INVESTMENT WILL ENHANCE GROUP'S
FUTURE
EARNINGS DERIVED FROM CHINA
    * UNDER AGREEMENT, TOTAL INVESTMENT BY GROUP SHALL BE
RMB222.3
MILLION
    * UNDER DEAL, RONGQIAO WILL TRANSFER 30% STAKE OF TAICANG
RONGGUAN
REAL ESTATE DEVELOPMENT TO SHINING GOLD REAL ESTATE (CHENGDU)

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ6td5J9
Further company coverage:  SINA.SI 

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