HKG:1908

2 stories mentioning HKG:1908Updated 28d ago

Every FINWIRES story that references HKG:1908, newest first.

C&D International Unit to Invest 1.2 Billion Yuan in Xiamen Property Venture

C&D International Investment's (HKG:1908) indirect wholly owned unit, Yi Yue, entered into a cooperation agreement with Lianfa Group to jointly develop residential and commercial projects on two land parcels in Xiamen, according to a July 17 Hong Kong bourse filing.Yi Yue will acquire a 49% stake in the project company from Lianfa Group, which will retain the remaining 51%, with its total capital commitment estimated at 1.20 billion yuan.The project company acquired the land use rights for the two sites in June for 2.06 billion yuan.Upon completion of the transaction, the project company will remain a jointly owned entity and will not be consolidated into C&D International's financial statements.

HKG:1908

Asia126d ago

C&D International, C&D Property Unit Eyes Urban Services, Property Acquisition

C&D International Investment (HKG:1908) and C&D Property Management (HKG:2156) said their unit has signed a memorandum of understanding for the potential acquisition of C&D City Service and Lianfa Property, according to an April 10 Hong Kong bourse filing.Shares of C&D International were down over 1% in Monday morning trade.The proposed deal involves Xiamen Yirui, a subsidiary of both companies, which plans to acquire the two firms in cash from connected parties, with final terms subject to due diligence and further negotiations.C&D City Service provides urban public services and space management, while Lianfa Property offers residential and commercial property management services in mainland China.

HKG:1908HKG:2156

Track with the FINWIRES app suite

FolioX

Track HKG:1908 in your portfolio

WheelAI

Analyze HKG:1908 options with the wheel strategy

StockInsider

See market sentiment on HKG:1908