Central China Real Estate (00832) said it entered into a management entrustment contract for developing real estate project with a planned gross floor area of about 261,000 square metres with Lu Yongjie and Zhang Xinling (as guarantors) as well as Shangqiu Huayuan Properties (as the principal) for a period of 48 months.
Central China was engaged by Shangqiu Huayuan for developing, operating and managing the real estate project established on a parcel of land in the east of Suiyang Road, the west of Tengfei Road and the north of Beihai Road, Shangqiu City, Henan Province of the People's Republic of China, which Central China would charge royalty fee and performance fee in return.