[ET Net News Agency, 9 January 2020] Minmetals Land Limited (00230) said its subsidiary
Shengshi Guangye, Guangzhou Kuangmao Property Development Co., Ltd. (the JV company) and
the investor entered into a capital injection agreement. Upon completion of the agreement,
Shengshi Guangye's equity interest in the JV company will be diluted from 100% to 51%.
The JV company is the owner of a parcel of land in Huangpu District, Guangzhou City,
Guangdong Province, the PRC. The site area of the land is approximately 72,000 square
metres, with a plot ratio of 1.0 to 2.5. The land is permitted for residential development
and the term of grant is 70 years. (RC)