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WAI KEE HOLD(00610)与路劲地产就广州增城地块订立参与协议

WAI KEE HOLD (00610) entered into a participation agreement with Lujin Real Estate for the Zengcheng site in Guangzhou.

智通財經 ·  Dec 1, 2021 04:58

Zhitong Financial App News, WAI KEE HOLD (00610) announced that Lujin property, an indirect wholly-owned subsidiary of Lujin Infrastructure, entered into a participation agreement with Jiajian, an indirect wholly-owned subsidiary of the company, on November 30, 2021.

According to this, Lujin Land has granted participation rights to Jiajian in respect of the consideration, so that Jiajian can enjoy the proportion of 32.5% of the economic interest (or 22.75% of the interest in the project) held by Lujin Land through the project company's 70% interest in the project, but it can only be confirmed after the condition has been met.

According to the announcement, the project company is mainly engaged in the development of the site. The site is located in the 18102218A21094 plot on the south side of Xintang Avenue, Xintang Town, Zengcheng District, Guangzhou City, covering an area of 17676 square meters. The site is used for the development of residential properties with a total floor area of 63634 square meters.

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