Brief: Tsim Sha Tsui Properties updates on formation of JV for development of land in Hong Kong

Tsim Sha Tsui Properties

24/10/2016 09:33

Oct 24 (Reuters) - Tsim Sha Tsui Properties Ltd  0247.HK  
    * Tsim Sha Tsui Properties -  Government Of Hong Kong 
accepted tender offer from jv in respect of acquisition of land 
at a land premium of HK$2.53 billion 
    * Tsim Sha Tsui Properties-project costs are expected to be 
approximately HK$3.30 billion 
    * Tsim Sha Tsui Properties -project costs, are expected to 
be approximately HK$3.3 billion 
    * Tsim Sha Tsui Properties Ltd - any profit derived from 
development of land will be ultimately shared by sino land and 
empire group on a 60:40 basis. 
 
Source text for Eikon:  ID:nHKS1nXF3d  
Further company coverage:  0247.HK  
 
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