March 6, 2018 / 9:06 AM / 5 months ago

BRIEF-Shui On Land Says Unit & Founder Securities Co To Establish JV

March 6 (Reuters) - Shui On Land Ltd:

* UNIT ‍ & FOUNDER SECURITIES CO TO ESTABLISH JV FOR PURPOSE OF POTENTIAL FUTURE INVESTMENT IN A PROJECT IN QINGPU DISTRICT​

* JV CO HAS INITIAL REGISTERED CAPITAL RMB4.9 MILLION, OF WHICH SHANGHAI PANRUI WILL CONTRIBUTE & OWN 49 PERCENT STAKE

* MAXIMUM CAPITAL COMMITMENT OF CO FOR INVESTMENT IN URBAN TRANSFORMATION & REDEVELOPMENT PROJECT IN QINGPU DISTRICT, RMB1,820 MILLION​ Source text for Eikon: Further company coverage:

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