Brief: Yincheng International Says Unit Entered Cooperation Agreement

Yincheng International Holding Co

20/08/2020 16:03

Aug 20 (Reuters) - Yincheng International Holding Co Ltd
 1902.HK :
    * YINCHENG INTERNATIONAL-UNIT ENTERED COOPERATION AGREEMENT
WITH
SHANGHAI SUNAC & WUXI RONGSHI ENTERPRISE MANAGEMENT CO
    * YINCHENG INTERNATIONAL HOLDING-  AGREEMENT FOR JOINT
DEVELOPMENT
OF LAND THROUGH WUXI XINFA JIAYUAN REAL ESTATE CO
    * YINCHENG INTERNATIONAL-SHAREHOLDER'S LOANS SHALL BE
PROVIDED BY
WUXI YINXUAN AND SHANGHAI SUNAC TO WUXI RONGSHI ENTERPRISE
MANAGEMENT
    * YINCHENG INTERNATIONAL-  PURSUANT TO AGREEMENT, REGISTERED
CAPITAL OF WUXI RONGSHI ENTERPRISE MANAGEMENT SHALL BE INCREASED
TO RMB100 MILLION
    * YINCHENG INTERNATIONAL - TOTAL AMOUNT OF RMB332.1 MILLION
LOAN
SHALL BE PROVIDED BY CO'S UNIT
    * YINCHENG INTERNATIONAL- UPON COMPLETION, STAKE IN WUXI
RONGSHI
ENTERPRISE MANAGEMENT SHALL BE HELD 50% AND 50% BY WUXI YINXUAN
AND SHANGHAI SUNAC

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9dxnJN
Further company coverage:  1902.HK 

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