Brief: Wai Kee Holdings Announces Memorandum Of Agreement
07/06/2021 12:55
June 7 (Reuters) - Wai Kee Holdings Ltd 0610.HK :
* WAI KEE HOLDINGS ANNOUNCES MEMORANDUM OF AGREEMENT IN
RELATION
TO A DEVELOPMENT JV FOR ACQUISITION OF LAND USE RIGHT OF A SITE
IN PRC
* TOTAL MAXIMUM FINANCIAL COMMITMENT TO PROJECT CO SHALL NOT
EXCEED RMB2.53 BILLION
* UNDER MEMORANDUM OF AGREEMENT, PARTIES AGREED TO PROVIDE
FUNDING
TO PROJECT CO
* PROJECT COMPANY WILL BE HELD IN AGREED EQUITY RATIO OF 25%
BY
SUPREME GAIN AND 75% BY RKI
Source text for Eikon: ID:nHKSbCXxkq
Further company coverage: 0610.HK
(Reuters.briefs@thomsonreuters.com)
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