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10 months ago
BRIEF-Greentown China's unit signs deal to develop land with Longfor unit
October 11, 2016 / 12:32 PM / 10 months ago

BRIEF-Greentown China's unit signs deal to develop land with Longfor unit

Oct 11 (Reuters) - Greentown China Holdings Ltd

* Hangzhou Zhimiao entered into agreement with Zhejiang Lujiu and Longfor unit

* Deal for consideration of RMB1.10 billion

* deal for proposed joint development of land into residential properties by Zhejiang Lujiu and Longfor Subsidiary on 70:30 basis

* Total land consideration of RMB1.10 billion to be paid by cash instalments Source text (bit.ly/2dYlVUG) Further company coverage:

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