BRIEF-Shui On Land Says Establishment Of Limited Partnership And Equity Transfer Of Project Companies

Reuters

05 Nov 2024

Nov 5 (Reuters) - Shui On Land Ltd :

* ESTABLISHMENT OF LIMITED PARTNERSHIP AND EQUITY TRANSFER OF PROJECT COMPANIES

* LIMITED PARTNERSHIP AGREEMENT FOR TOTAL SUBSCRIBED CONTRIBUTION OF RMB8.13 BILLION

* SHANGHAI TIAN XU CHUANG SHENG ENTERPRISE MANAGEMENT, UNITS ENTERED COOPERATION AGREEMENT WITH NINGBO FUND, YANGPU KNOWLEDGE INNOVATION

* 86.8% STAKE IN SHANGHAI YANG PU CENTRE DEVELOPMENT TO BE TRANSFERRED FROM BRIGHT CONTINENTAL TO LIMITED PARTNERSHIP FOR RMB4.71 BILLION

* 99% STAKE IN SHANGHAI KNOWLEDGE AND INNOVATION COMMUNITY DEVELOPMENT TO BE TRANSFERRED TO LIMITED PARTNERSHIP FOR RMB2.67 BILLION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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