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BRIEF-Amcorp Properties says unit Amcorp Orient entered into an agreement with Grosvenor Asia Pacific
December 21, 2016 / 9:54 AM / 9 months ago

BRIEF-Amcorp Properties says unit Amcorp Orient entered into an agreement with Grosvenor Asia Pacific

Dec 21 (Reuters) - Amcorp Properties Bhd -

* Unit Amcorp Orient entered into a co-investment agreement with Grosvenor Asia Pacific to form a jv

* Amcorp orient to contribute an aggregate of hkd349.1 million to the jv co

* Jv co for the purpose of investing in a portfolio of value-add as well as redevelopment and development projects

* The co-invest is expected to contribute positively to the future earnings and growth of amprop group.

* Co-Invest is not expected to have a material effect on eps of Amprop Group for financial year ending 31 march 2017

* Capital commitment of Amcorp Orient will be funded by advances from AMPROP by way of internal funds of AMPROP and bank borrowings Source text (bit.ly/2h971hD) Further company coverage:

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