Edition:
India

Minmetals Land Announces Formation Of Joint Venture In Relation To Development Of Land


Thursday, 11 Apr 2019 

April 11 (Reuters) - Minmetals Land Ltd <0230.HK>::ANNOUNCES FORMATION OF JOINT VENTURE IN RELATION TO DEVELOPMENT OF LAND.GUANGZHOU MERCHANTS PROPERTY DEVELOPMENT SHALL SUBSCRIBE FOR 49% EQUITY CAPITAL IN JV COMPANY FOR AN AMOUNT OF RMB490.00 MILLION.GUANGZHOU MERCHANTS PROPERTY DEVELOPMENT SHALL PAY AN EARNEST MONEY TO JV CO AS LOAN IN AMOUNT OF ABOUT RMB548.91 MILLION.SHENGSHI GUANGYE TO PROVIDE A SHAREHOLDER'S LOAN TO JV CO IN AMOUNT OF RMB15.30 MILLION. 

Company Quote

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