DISCLOSABLE AND CONNECTED TRANSACTIONS - ESTABLISHMENT OF A JOINT VENTURE COMPANY FOR JOINT ACQUISITION AND DEVELOPMENT OF TARGET LAND PARCELS
The Board is pleased to announce that, on 20 April 2017, Suzhou North Star, a wholly-owned subsidiary of the Company, Suzhou Huixie and Chongqing Huayu entered into the Cooperation Agreement. The Project Company will be held as to 40%, 30% and 30% by Suzhou North Star, Suzhou Huixie and Chongqing Huayu, respectively.
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