Brief: Wang On Properties Says Unit And Co Entered Subscription And Shareholders' Agreement
08/11/2021 15:10
Nov 8 (Reuters) - Wang On Group Ltd 1222.HK :
* UNIT AND CO ENTERED SUBSCRIPTION AND SHAREHOLDERS'
AGREEMENT
WITH APG JV PARTNER AND GIANT HARMONY
* WANG ON PROPERTIES - APG JV PARTNER WILL SUBSCRIBE FOR A
NEW
SHARE IN GIANT HARMONY TO FORM A JV WITH LUCKY DYNASTY
INTERNATIONAL
* JV COMPANY TO ENGAGE IN ACQUISITION OF RESIDENTIAL
PROPERTIES IN
HONG KONG FOR DEVELOPMENT AND RE-DEVELOPMENT FOR SALE
* TOTAL MAXIMUM COMMITMENT OF EACH JV PARTNER IN JV COMPANY
IS
HK$2.33 BILLION
* TOTAL REGISTERED CAPITAL OF JV CO HK$4.67 BILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS1zGnZQ
Further company coverage: 1222.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Wang On
See all newsBrief: Wang On Group Says Kaifeng Hongjin Entered Sale And Leaseback Agreement
Brief: Wang On Group Says Qinzhou Hongjin And Kaifeng Hongjin Enter RMB64 Million Sale And Leaseback Agreement With Haier
Brief: Wang On Group Expects Loss Of Not More Than HK$360 Million For Half Year
Brief: Wang On's Unit To Sell Property For HK$23.28 Million
Brief: Wang On Group's Unit To Sell Property For HK$19.5 Mln