January 26, 2018 / 9:10 AM / 3 months ago

BRIEF-CCCG Real Estate to set up real estate development unit and JV for projects implementation

Jan 26(Reuters) - CCCG Real Estate Corp Ltd

* Says co plans to invest 150 million yuan to set up Ningbo-based wholly owned real estate development unit for project implementation

* Says co plans to invest 50 million yuan to set up Beijing-based real estate development JV with partner for project implementation

* Says registered capital of the JV is 100 million yuan and co will hold 50 percent stake in the JV

Source text in Chinese: goo.gl/NeiMoj; goo.gl/okXpp5

Further company coverage: (Beijing Headline News)

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