(00095) said its subsidiary Shenzhen LVGEM Real Estate Development Co., Ltd. has agreed to
buy 100% equity interest in Dongguan LVGEM Real Estate Development Co., Ltd. (the target
company) from Dongguan Lusheng Enterprise Investment Co., Ltd. at a total consideration of
RMB8 million.
The target company is principally engaged in the development and holding of a project,
which is a commercial development located in Zhangmutou Town, Dongguan City, Guangdong
Province, the PRC. Subject to the requisite governmental approval, it is currently
intended that the project will be developed into a shopping mall with a total planned
gross floor area of approximately 61,848 sq.m. (RC)
http://www.etnet.com.hk/www/tc/news/categorized_news_detail_eng.php?newsid=ETE290522205
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