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BRIEF-Shenzhen Investment says unit and Profit City entered into new cooperation framework agreement
June 16, 2017 / 11:22 AM / 5 months ago

BRIEF-Shenzhen Investment says unit and Profit City entered into new cooperation framework agreement

June 16 (Reuters) - Shenzhen Investment Ltd :

* Unit Medos and Profit City entered into new cooperation framework agreement

* Medos and Profit City has committed to provide a revolving shareholder’s loan in amount of up to HK$15.5 million to jv co

* As JV co’s bid for Kai Tak Land had not been successful, parties agreed to terminate previous cooperation framework agreement

* Agreement in relation to continued operations of JV co to participate in tender for selected land Source text for Eikon: Further company coverage:

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