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00697 SHOUCHENG
RTNominal down1.440 -0.020 (-1.370%)
Others

14/11/2019 14:33

Shougang Concord (00697) to form partnership

[ET Net News Agency, 14 November 2019] Shougang Concord International Enterprises
Company Limited (00697) said Shouzhong Investment, a wholly-owned subsidiary of the
company, the GP and Shenzhen Wanwu entered into a partnership agreement in relation to the
formation of a partnership. Also, Shouzhong Investment and Shenzhen Wanwu entered into a
transfer agreement with vendors in relation to the acquisition of the carpark income
rights by the partnership.
The partnership will be engaged in the investment in carpark spaces, and will aim to
obtain income by leasing, managing, and disposing of the assets of the underlying carpark
spaces, thereby creating a satisfactory return on investment for the partners. (RC)

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