March 24, 2017 6:41 AM ET

Real Estate Management and Development

Company Overview of Nanjing Merchants Zhaosheng Property Development Limited

Company Overview

Nanjing Merchants Zhaosheng Property Development Limited engages in development, sales, leasing, investment, and management of properties in China. The company is based in China. Nanjing Merchants Zhaosheng Property Development Limited operates as a subsidiary of China Merchants Land Limited.

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China

Key Executives for Nanjing Merchants Zhaosheng Property Development Limited

Nanjing Merchants Zhaosheng Property Development Limited does not have any Key Executives recorded.

Nanjing Merchants Zhaosheng Property Development Limited Key Developments

Nanjing Merchants Zhaosheng Property Development Limited Enters into Cooperation Framework Agreement with Chongqing Hanzhi Industrial Development Company Limited and Jurong Jinhui Real Estate Construction Company Limited to Form JV Company

The Directors of China Merchants Land Limited announced that on 6 March 2017, Nanjing Merchants Zhaosheng Property Development Limited entered into the Cooperation Framework Agreement with Chongqing Hanzhi Industrial Development Company Limited and Jurong Jinhui Real Estate Construction Company Limited pursuant to which, among other things, a JV Company shall be established in the PRC specifically to engage in the development of the Nanjing 2016G98 Land which has been successfully bidded by Nanjing Merchants on 15 February 2017. Upon completion of the incorporation proceeding, the interests of Nanjing Merchants, Chongqing Hanzhi and Jurong Jinhui in the capital of the JV Company shall adjust to the proportion of 34%, 33%, 33% respectively by way of capital contribution of the JV Company. Pursuant to the Cooperation Framework Agreement, before 14 March, 2017, each of the parties in the Cooperation Framework Agreement shall make the initial contribution to the JV Company, pursuant to which Nanjing Merchants will grant an interest-free shareholder's loan to the JV Company in the amount of RMB 1,900,000,000 (Shareholders' Loan). The terms and conditions of the Shareholder's Loan have been determined after arm's length negotiation between the parties to the Cooperation Framework Agreement with reference to the capital requirement of the JV Company. The JV Company is a limited liability company to be established in the PRC, which shall ultimately be owned as to 34% by Nanjing Merchants, 33% by Chongqing Hanzhi and 33% by Jurong Jinhui. The purpose of the JV Company is to develop the Nanjing 2016G98 Land.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 6, 2017
A Piece of Land Situated in the West of Zhongshan South Road in Qinhoai Disctrict of Nanjing City
Merger/Acquisition
January 12, 2017
Land parcel in Nanjing City in Jiangsu Province
 

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