[ET Net News Agency, 26 July 2019] Modern Land (China) Co., Limited (01107) said its
subsidiary Yuzhan Green has agreed to acquire the entire equity interest of Tianjin
Zhengde Real Estate Co., Ltd. (the target company) from Hantang (Tianjin) Real Estate Co.,
Ltd. at a consideration of RMB385.33 million.
The target company holds the entire equity interest of a project company, which in turn
holds the land use rights of land parcels, all of which are for residential use located at
Ninghe District, Tianjin, the PRC, with an aggregate site area of approximately 124,086.14
square metres. (RC)