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China Inv Hold (00132) rents logistics sites at $820M
24 Jan 2019
(Infocast News) China Investments Holdings (00132) announced that on 21 January 2019, Sino Rock Tyco (a subsidiary of China Investments Holdings) entered into four lease agreements as lessee with the landlord, Foshan City Nanhai Lianyun Investment, pursuant to which the landlord leased the unencumbered land use right for four land parcels situated at Danzao Logistics Centre, Danzao Town, Nanhai District, Foshan City, the PRC to Sino Rock Tyco for an aggregate consideration of RMB709.161 million (HK$819.790 million) for a term of approximately 33 years.

China Investments Holdings has applied to the Stock Exchange for resumption of trading in its shares with effect from 9:00 a.m. on 24 January 2019.

(WL)
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