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BRIEF-New World Development Co says joint venture agreements for land development in shenzhen
December 8, 2016 / 10:30 AM / a year ago

BRIEF-New World Development Co says joint venture agreements for land development in shenzhen

Dec 8 (Reuters) - New World Development Co Ltd :

* Company will jointly develop lands with cmsiz in offshore joint venture arrangement and onshore joint venture arrangements

* Joint venture vehicle in offshore joint venture arrangement will be triumphant ally

* Total capital commitment of group in respect of onshore joint venture arrangements amounts to approximately rmb5,360.6 million

* Announce successful bidding for acquisitions by triumphant and capital injections by guangzhou xinpei

* Triumphant ally, is owned as to 51% by keen link, a unit, and as to 49% by excel, unit of cmsiz

Source text for Eikon:

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