Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01800 CHINA COMM CONS
RTNominal down4.470 -0.080 (-1.758%)
Others

26/07/2021 10:39

CCCC (01800) to form project company for land parcels

[ET Net News Agency, 26 July 2021] China Communications Construction Company Limited
(01800) said CCCC Urban Investment, China Real Estate Group and Yunyan Urban Renewal have
entered into the Master Agreement which sets out the parties' intent in relation to the
joint development of the project land parcels. On 23 July 2021, the parties have entered
into the Supplemental Agreement which sets out the specific terms in relation to the
formation of the Project Company and joint development of the project land parcels,
pursuant to which, the registered capital of the Project Company is RMB2,450.00 million,
of which RMB1,212.75 million, RMB1,212.75 million and RMB24.50 million will be contributed
by CCCC Urban Investment, China Real Estate Group and Yunyan Urban Renewal, respectively,
accounting for 49.50%, 49.50% and 1.00% of the total registered capital of the Project
Company, respectively.
On 23 July 2021, CCCC Urban Investment and Yunyan Urban Renewal entered into the Concert
Party Agreement in respect of the Project Company, pursuant to which Yunyan Urban Renewal
agreed to act as a concert party of CCCC Urban Investment while no consideration will be
paid by CCCC Urban Investment.
The project land parcels are located in the core area of Yunyan District in Guiyang City
with a total site area of approximately 96,136 square metres. The project land parcels
consist of three land parcels, two of which are for residential use and one is for
commercial use. (RC)

Remark: Real time quote last updated: 28/01/2022 17:06
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2022 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.