BRIEF-Sinarmas Land & Unit Enter JV Deal With Rongqiao Group
March 26 (Reuters) - Sinarmas Land Ltd:
* CO & SHINING GOLD REAL ESTATE (CHENGDU) ENTERED INTO A JV AGREEMENT WITH RONGQIAO GROUP & TAICANG RONGGUAN REAL ESTATE DEVELOPMENT
* COMPANY IS OF VIEW THAT INVESTMENT WILL ENHANCE GROUP'S FUTURE EARNINGS DERIVED FROM CHINA
* UNDER AGREEMENT, TOTAL INVESTMENT BY GROUP SHALL BE RMB222.3 MILLION
* UNDER DEAL, RONGQIAO WILL TRANSFER 30% STAKE OF TAICANG RONGGUAN REAL ESTATE DEVELOPMENT TO SHINING GOLD REAL ESTATE (CHENGDU) Source text for Eikon: Further company coverage: