Date
21 October 2017

Grandland wins huge Evergrande renovation deal, paper says

Shenzhen Grandland Decoration Group Co. Ltd. (002482.CN) has entered into a strategic cooperation agreement with Evergrande Real Estate Group Ltd. (03333.HK) for renovation work on Evergrande’s commercial complex, hotel and residential property projects, Securities Times reported Tuesday. The contract period is three years, and Evergrande will pay 3.5 billion yuan (US$574.433 million) in the first year, 4.5 billion yuan in the second year, and 5.5 billion yuan for the third, the report said.

– Contact HKEJ at [email protected]

EL/AC/CG

 

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