May 5, 2017 / 2:17 PM / 3 months ago

BRIEF-Agile Group says unit entered into formal agreement

1 Min Read

May 5 (Reuters) - Agile Group Holdings Ltd:

* Unit entered into formal agreement with Shiguang Chuangjian, Zheng Zihong and Wu Zhangjin

* Pursuant to formal agreement, cooperation mode for 8 projects has been classified into two types. group 1 projects & group 2 projects

* Zhongshan Yajing shall pay consideration of rmb 215.0 million for Huashengtang project

* Zhongshan Yajing shall pay consideration of rmb173.458 million for Bosheng project

* Zhongshan Yajing shall pay consideration of rmb115.043 million for Wenhua project and rmb500 million for Shenzhong project

* For Shenzhong project, rmb500 million shall be paid within 5 days after signing of formal agreement Source text: [bit.ly/2qLz48Q] Further company coverage:

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