January 29, 2018 / 12:03 PM / a year ago

BRIEF-Greentown China Announces Development Of Residential Properties In Hangzhou With Wharf

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Jan 29 (Reuters) - Greentown China Holdings Ltd:

* ENTERS AGREEMENT WITH WHARF & OTHERS IN RELATION TO DEVELOPMENT OF LAND INTO RESIDENTIAL PROPERTIES BY ZHEJIANG LUJIU

* DEAL FOR ‍RMB3.94 BILLION

* ‍UPON COMPLETION OF EQUITY TRANSFER, CO & WHARF WILL BE INDIRECTLY INTERESTED IN 50% OF PROJECT COMPANY

* ‍CO TO TRANSFER ENTIRE EQUITY INTEREST OF HANGZHOU ZHIQIAN INVESTMENT CO TO ZHEJIANG LUJIU Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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