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BRIEF-Chengdu Fusen Noble-House Industrial signs entrust management contract with Sichuan-based firm
April 11, 2017 / 8:56 AM / 8 months ago

BRIEF-Chengdu Fusen Noble-House Industrial signs entrust management contract with Sichuan-based firm

April 11 (Reuters) - Chengdu Fusen Noble-House Industrial Co Ltd :

* Says co enters into an entrust management contract with a Sichuan-based firm which is mainly engaged in real estate related business

* Co was commissioned to conduct a comprehensive planning and management for a commercial project of the Sichuan-based firm

* Says the contract amount includes one-time joining fee of 15 million yuan and basic management fee of 3 million yuan per annum as well as floating charge

* Contract is valid for 10 years

Source text in Chinese: goo.gl/J9YNQa

Further company coverage: (Beijing Headline News)

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