Brief: Yincheng International Says Hangzhou Zezhou Enterprise Management To Buy 67% Stake In Hangzhou Qingcheng Property Development

Yincheng International Holding Co

16/09/2020 02:29

Sept 16 (Reuters) - Yincheng International Holding Co Ltd
 1902.HK :
    * HANGZHOU ZEZHOU ENTERPRISE MANAGEMENT TO BUY 67% STAKE IN
HANGZHOU QINGCHENG PROPERTY DEVELOPMENT & ITS DEBT OF RMB127.2
MILLION
    * DEAL CONSIDERATION FOR 67% STAKE IN HANGZHOU QINGCHENG
PROPERTY
DEVELOPMENT & DEBT RMB1.09 BILLION
    * HANGZHOU ZEZHOU ENTERPRISE MANAGEMENT ENTERED FRAMEWORK
AGREEMENT II TO BUY 33% STAKE IN HANGZHOU QINGCHENG PROPERTY
    * AGREEMENT II ALSO INVOLVES HANGZHOU ZEZHOU ENTERPRISE
MANAGEMENT
BUYING RMB41.4 MILLION DEBT IN HANGZHOU QINGCHENG PROPERTY
    * CONSIDERATION FOR ACQUISITION FRAMEWORK AGREEMENT II
RMB106.4
MILLION

Source text for Eikon:  ID:nHKSPv911 
Further company coverage:  1902.HK 

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