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01570 WEIYE HOLDINGS
RTNominal up3.180 +0.180 (+6.000%)
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10/12/2019 11:56

Weiye Holdings (01570) to buy interests of Changsha lands

[ET Net News Agency, 10 December 2019] Weiye Holdings Limited (01570) said its
subsidiary Henan Weiye has agreed to subscribe for the increased registered capital of
Hunan Jingke Property Co., Ltd. (the target company) of RMB30 million. Upon completion of
the transaction, Henan Weiye will hold 37.5% of the equity interests in the target
company.
The target company is principally engaged in property development. The principal assets
of the target company are the land use rights of three pieces of land located in Tianxin
District, Changsha City, Hunan Province, the PRC. (RC)

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