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03900 GREENTOWN CHINA
RTNominal up6.240 +0.240 (+4.000%)
Others

31/12/2019 12:13

Greentown China (03900) to buy interests of two projects

[ET Net News Agency, 31 December 2019] Greentown China Holdings Limited (03900) said
its subsidiary Greentown Town has agreed to buy the BCT target interests and the BOB
target interests.
BCT target interests comprise (a) 20% equity interest in BCT; and (b) creditor's right
of RMB62.83 million receivable by Bluetown Jialan as creditor from BCT as debtor. BOB
target interests comprise (a) 20% equity interest in BOB; and (b) creditor's right of
RMB78.86 million receivable by Bluetown Jiaren as creditor from BOB as debtor.
BCT is established for the purpose of implementing and carrying forward the Fenghe Jiuli
Project. BOB is the holding company of Bluetown Cultural Rehabilitation, the project
company in the Chunfeng Ruyi Project and is principally engaged in real estate development
and operation and construction project management. (RC)

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