Kai Shi China (01281) said entered into a framework agreement to form a joint venture company with Dalian Urban-Rural Integration Construction and Development Fund (Limited Partnership) to serve as the platform for construction and development of a construction project locates at the administrative region of Beihaijiedao, Lvshunkon District, Dalian.
The total registered capital of the JV will be Rmb50 million. Upon the formation of the JV, Kai Shi will hold 52% of the equity interest in the JV and Dalian Fund Management (Limited Partnership) will hold the remaining 48%.
The project, which occupies an area of about 10 square kilometres, will be developed in phases and characterised by five core areas, including health care and pension, tourism, spa resort, ecological agriculture and commercial real estate. In the event that the Group commences commercial property development or tourist resort development, further announcement will be made on the new business delineation between the Group and the controlling shareholder Group.
11/04/2014 11:23
Kai Shi China (01281) to form JV for Dalian project
- 經濟通
- 強化版MQ
- 強化版TQ
- 財曆
- Mobile
Web
