Hung Shui Kiu Area Stake Attributable to 6 Firms as to About 17% Each
AASTOCKS News·
- The HSK New Development consortium won the Hung Shui Kiu area project for HKD 1.03 billion, with a total investment of HKD 16.8 billion.
- Six enterprises form the consortium, where CHINA OVERSEAS, CHI MER LAND, CHINA RES LAND, JD-SW, and SINO LAND each hold a 17 percent equity interest, and China Tourism Group holds the remaining 15 percent.
- Capital commitments and the distribution of profits or losses are determined proportionally based on the respective equity interests of each joint venture partner.