Brief: Swire Properties Announces JV Formation For Investment In Beijing Xingtaitonggang Properties

Swire Properties

18/12/2020 10:26

Dec 18 (Reuters) - Swire Properties Ltd  1972.HK :
    * ANNOUNCES FORMATION OF JV FOR INVESTMENT IN BEIJING
XINGTAITONGGANG PROPERTIES CO
    * UNIT NOTIFIED OF SUCCESS OF BID MADE BY SHINY HARBOUR & JV
PARTNER UNITS
    * REGISTERED CAPITAL OF BEIJING XINGTAITONGGANG PROPERTIES
IS
RMB10 MILLION
    * SHINY HARBOUR & JV PARTNER UNITS WILL CONTRIBUTE CAPITAL
TO
BEIJING XINGTAITONGGANG PROPERTIES CO OF RMB3.33 BILLION &
RMB6.17 BILLION
    * POST CAPITAL CONTRIBUTIONS, REGISTERED CAPITAL OF BEIJING
XINGTAITONGGANG PROPERTIES WILL BE RMB9.5 BILLION
    * TOTAL INVESTMENT AMOUNT OF BEIJING XINGTAITONGGANG
PROPERTIES CO
IS RMB23 BILLION
    * BEIJING XINGTAITONGGANG PROPERTIES TO BE ENGAGED IN
DEVELOPMENT
OF TWO PARCELS OF LAND IN JIANGTAI TOWNSHIP, BEIJING
    * BEIJING XINGTAITONGGANG PROPERTIES TO BE ENGAGED IN
OPERATION &
MANAGEMENT OF DEVELOPMENT PROPERTY IN CHAOYANG, BEIJING

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1218/2020121800553.pdf
Further company coverage:  1972.HK 

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