December 15, 2017 / 9:29 AM / 5 months ago

BRIEF-Beijing Properties (Holdings) Unit CIPGL Enters Subscription Agreement

Dec 15 (Reuters) - Beijing Properties (Holdings) Ltd :

* CIPGL, RED SUPREME & CHAMPION YIELD INTERNATIONAL TO SUBSCRIBE FOR SHARES CIPHL FOR TOTAL OF RMB200 MILLION

* GROUP INTENDS TO USE PROCEEDS FROM SUBSCRIPTION AND OPTIONS IN FUNDING REQUIREMENT OF REGISTERED CAPITAL OF JIANGSU

* ‍UPON COMPLETION, EQUITY INTEREST IN CHINA INDUSTRIAL PROPERTIES (HOLDINGS) LIMITED HELD BY GROUP WILL BE 86.24% Source text for Eikon: Further company coverage:

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