Edition:
India

New World Development Says JVCo Awarded A Construction & Operation Contract Worth HK$29.993 Bln


Friday, 28 Dec 2018 

Dec 28 (Reuters) - New World Development Co Ltd <0017.HK>::KTSPL WAS AWARDED A CONTRACT FOR DESIGN, CONSTRUCTION AND OPERATION OF KAI TAK SPORTS PARK.TOTAL CONSTRUCTION CONTRACT SUM HK$29.993 BILLION.KTSPL IS A JV CO HELD AS TO 75% BY CO'S UNIT NEW WORLD SPORTS AND 25% BY NWS SPORTS.ENTERS SHAREHOLDERS AGREEMENT WITH NEW WORLD SPORTS, NWS & NWS SPORTS.SHAREHOLDERS AGREEMENT TO REGULATE RESPECTIVE RIGHTS & OBLIGATIONS OF NEW WORLD SPORTS & NWS SPORTS TO OPERATE & MANAGE KTSPL. 

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