C&D International Investment Group's Step-Down Unit to Renew Project Management Services Agreements

MT Newswires Live2024-12-06

C&D International Investment Group's (HKG:1908) step-down subsidiary Xiamen C&D Commercial Management agreed to renew its commercial project management services agreement with C&D Real Estate and the company for a further three years, a Thursday Hong Kong bourse filing said.

Under the renewed framework agreement, subsidiary Xiamen C&D Commercial Management will continue to provide commercial project management services for various commercial asset projects of the other parties and their subsidiaries except C&D Property Management Group.

The term of the renewed agreement starts on Jan. 1, 2025, and expires on Dec. 31, 2027. The annual caps set for the services fee are 72 million yuan for 2025, 86 million yuan for 2026, and 100 million yuan for 2027, the joint filing by the company and C&D Property Management Group (HKG: 2156) said.

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