Brief: Yincheng International Announces Cooperation Agreement For Development Of Land

Yincheng International Holding Co

23/12/2020 13:22

Dec 23 (Reuters) - Yincheng International Holding Co Ltd
 1902.HK :
    * WUXI HUAYU REAL ESTATE, WUXI YINZETAO ENTERPRISE
MANAGEMENT &
WUXI YINZEXUAN ENTERPRISE MANAGEMENT ENTER COOPERATION AGREEMENT
    * UNDER AGREEMENT, WUXI HUAYU TO TRANSFER ENTIRE STAKE IN
WUXI
XUELANG CHANGGUANG REAL ESTATE TO WUXI YINZEXUAN
    * WUXI YINZEXUAN TO ALLOT IT'S 50% STAKE TO WUXI HUAYU
    * WUXI YINZEXUAN WITH WUXI YINZETAO TO PAY RMB526.5 MILLION
TO
WUXI HUAYU
    * WUXI HUAYU & WUXI YINZETAO TO JOINTLY DEVELOP LAND THROUGH
WUXI
YINZEXUAN & WUXI XUELANG CHANGGUANG REAL ESTATE

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1223/2020122301046.pdf
Further company coverage:  1902.HK 

 ((Reuters.Briefs@thomsonreuters.com;))