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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Beijing Capital Land Limited    2868   CNE100000239

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Beijing Capital Land : BJ Capital Land forms JV to develop Beijing project

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04/05/2016 | 06:01am CEST

[ET Net News Agency, 5 April 2016] Beijing Capital Land (02868) said it agreed to

establish a joint venture company with controlling shareholder Beijing Capital Group Co.,

Ltd. in the PRC.

The parties expect to invest a total of Rmb90 million into the JV by contributing to its

registered capital. Beijing Capital Land has agreed to contribute Rmb52.2 million, being

58% of the registered capital of the JV.

The JV is to be set up for the main purpose of obtaining and implementing the primary

land development of the Fa Shang Industrial Park Project, a project involving the primary

land development of the land at Fa Shang Industrial Park, Daxing District, Beijing. (HL)

(c) 2016 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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