Reuters logo
7 months ago
BRIEF-China New City Commercial Development says Zhong AN Shenglong enters into MoU with Hangzhou Oriental
January 11, 2017 / 2:59 PM / 7 months ago

BRIEF-China New City Commercial Development says Zhong AN Shenglong enters into MoU with Hangzhou Oriental

Jan 11 (Reuters) - China New City Commercial Development Ltd :

* Zhong AN Shenglong entered into a memorandum of understanding with Hangzhou Oriental

* Agreement for acquisition by Zhong An Shenglong of 42.5% of interest in Zhejiang Xinnongdou from Hangzhou Oriental

* Proposed consideration for acquisition is expected to be about RMB700 million

* Consideration will be settled partly by cash and partly by issue of new shares in CNC Source text : (bit.ly/2iFUil7) Further company coverage: [1321.HK,0672.HK]

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below