Modern Land (China) (01107) said it agreed to acquire 5% equity interest in Wuhan Modern Green Development Co., Ltd. at Rmb10 million.
Upon completion, the equity interest attributable to the Group in Wuhan Modern Green will increase from 94.95% to 99.95%.
Wuhan Modern Green is principally engaged in property development and sales in the PRC and is the project company of Wuhan Guanggu Man Ting Chun MOM project which is located at the intersection point of Gaoxinsan Road and Guanggusi Road of Wuhan City.
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