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00763 ZTE
RTNominal up16.980 +0.100 (+0.592%)
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27/12/2017 09:12

ZTE (00763) selects Vanke to develop Shenzhen site

[ET Net News Agency, 27 December 2017] ZTE Corporation (00763) said it has tentatively
selected Shenzhen Vanke Real Estate Co., Ltd. to provide development, construction, sales
and operational services in respect of a land site in Shenzhen and entered into a letter
of intent with Vanke.
Vanke has agreed that Vanke shall complete the payment of Rmb1,771 million to ZTE as
deposit within 5 days from the execution of the LOI. (HL)

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