LVGEM China (00095) to buy Dongguan shopping mall project

   LVGEM (China) Real Estate Investment Company Limited (00095) said its subsidiary Shenzhen LVGEM Real Estate Development Co., Ltd. has agreed to buy 100% equity interest in Dongguan LVGEM Real Estate Development Co., Ltd. (the target company) from Dongguan Lusheng Enterprise Investment Co., Ltd. at a total consideration of RMB8 million.
  The target company is principally engaged in the development and holding of a project, which is a commercial development located in Zhangmutou Town, Dongguan City, Guangdong Province, the PRC. Subject to the requisite governmental approval, it is currently intended that the project will be developed into a shopping mall with a total planned gross floor area of approximately 61,848 sq.m.