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BRIEF-Gemdale to acquire stake in property project, unit's JV applies for U.S. bank loans
December 2, 2016 / 7:50 AM / 10 months ago

BRIEF-Gemdale to acquire stake in property project, unit's JV applies for U.S. bank loans

Dec 2 (Reuters) - Gemdale Corp

* Says board approves to buy 50 percent equity stake in property project for 518.4 million yuan ($75.31 million) in Dongguan

* Says unit’s project JV in the U.S. has applied for $236.5 million bank loans from BNY Mellon

Source text in Chinese: bit.ly/2gOZDX7

Further company coverage: ($1 = 6.8839 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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