BRIEF-City Developments Enters Series Of Agreements With HCP Chongqing Property Development
May 15 (Reuters) - City Developments Ltd:
* ENTERED SERIES OF AGREEMENTS WITH HCP CHONGQING PROPERTY DEVELOPMENT AS PART OF A STRATEGIC PARTNERSHIP WITH SINCERE
* ENTERED DEAL WITH SINCERE TO SECURE CALL OPTION TO ACQUIRE 70% STAKE IN SHANGHAI HONGQIAO SINCERE CENTRE (PHASE 2) FOR RMB1.2 BILLION
* AS PART OF STRATEGIC PARTNERSHIP WITH SINCERE PROPERTY GROUP, TRANSACTION INVOLVES EQUITY & DEBT ARRANGEMENT OF ABOUT RMB5.5 BILLION Source text for Eikon: Further company coverage: