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CRIC Daily Summary

Daily, Shanghai
Daily news and Commentary on the Chinese Real Estate sector

Franshion(817.HK)to inject RMB150 mn for a land development project in Sanya

Apr 27, 2012
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- Franshion has entered into a cooperation agreement with LongHigh Group to inject a sum of RMB150 mn as consideration for the acquisition of 51% of the equity interest in one of its project companies.

- The Land, located at Yacheng Town, Sanya, is a comprehensive development land, which is expected to be developed by the end of 2014 into a project consisting of hotels, residential properties, commercial properties and corporate headquarters.

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