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Beijing Capital Development Co Ltd Signs Cooperation Framework Agreement with Meidu Holding Co Ltd

Wednesday, 20 Nov 2013 07:00pm EST 

Beijing Capital Development Co Ltd announced that it has signed a cooperation framework agreement with Meidu Holding Co Ltd. Based on the agreement, Beijing Capital Development will acquire a 51% stake in a Zhejiang-based real estate development company from Meidu Holding and to provide loan to the Zhejiang-based after company. The total amount for the equity acquisition and loan providing will be RMB 430 million. In addition, Beijing Capital Development and Meidu Holding will also collaborate in the co-development of two plots Hangzhou-located land. 

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2 Sep 2015