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Aerospace Communications Holdings Co Ltd to Establish Joint Venture; to Sell Stake in Joint Venture; to Acquire Building


Friday, 11 Oct 2013 08:00pm EDT 

Aerospace Communications Holdings Co Ltd announced that the Company, the Company's wholly owned subsidiary, Desheng Real Estate Group and a Hangzhou-based investment company will establish a project company to be engaged in construction of an office building. The Company, the Company's wholly owned subsidiary, Desheng Real Estate Group and the Hangzhou-based investment company will hold 35%, 10%, 30% and 25% stakes in the project company. The Company will acquire the office building to be built by selling the stake in the joint venture. 

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