[ET Net News Agency, 30 December 2019] Road King Infrastructure Limited (01098) said
its subsidiary Greatmind Developments has agreed to buy 40% equity interests in each of
Shanghai Juntong and Shanghai Junzhu at a consideration of RMB145.79 million and RMB314.50
million respectively. Upon completion, Shanghai Juntong and Shanghai Junzhu will become
indirect wholly-owned subsidiaries of the company.
Each of Shanghai Juntong and Shanghai Junzhu was established for the development and
sales of a residential and commercial project, both on the lands situated at Xiaokunshan
Town, Songjiang District, Shanghai. (RC)