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BRIEF-Fujian Zhangzhou to sell property units to controlling shareholder, plans construction project
December 8, 2014 / 8:58 AM / 3 years ago

BRIEF-Fujian Zhangzhou to sell property units to controlling shareholder, plans construction project

Dec 8 (Reuters) - Fujian Zhangzhou Development Co Ltd

* Says auto unit and partners sign construction contract worth 120.8 billion yuan ($19.57 billion) with Zhang Zhou Shi Yi Jian engineering co

* Says signs agreement to sell three real estate units to controlling shareholder Fujian Zhanglong Industry for a combined 213 million yuan

Source text in Chinese: bit.ly/1wRgNI8; bit.ly/1CY2ftE

Further company coverage: ($1 = 6.1725 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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