Central China Real Estate (00832) said it entered into management entrustment contracts for real estate projects.
The company has been appointed by Shangqiu Hesheng Properties to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel covering the east and west sides of Zijing Road, north of Huashang Avenue and south of Minglun Road in Suiyang District, Shangqiu City, Henan Province of the People's Republic of China, for which Central China shall receive a royalty fee and a performance fee in return.
Central China has also been appointed by Lushan Guiyuan to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel situated to the south of Yaoshan Avenue, west of Ankang Road, north of Sichou Road and east of Luban Road in Chengnan New District, Lushan County, Pingdingshan City, Henan Province, for which Central China shall receive a royalty fee and a performance fee in return.
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