C&D International Investment Group's Unit to Continue Providing Construction Services to Controlling Shareholder

MT Newswires Live2024-12-24

C&D International Investment Group's (HKG:1908) subsidiary Xiamen C&D Construction Operation and Management agreed to continue to provide entrusted construction management services for C&D Real Estate and its group for another three years, a Tuesday Hong Kong bourse filing said.

The new term starts on Jan. 1, 2025, and expires on Dec. 31, 2027.

Under the new agreements, Xiamen C&D Construction Operation and Management will provide entrusted construction and entrusted operating construction services for C&D Real Estate, the controlling shareholder of the company, and its group excluding the company.

The parties have set the annual cap for the services fees at 100 million yuan for each of the three years in the contract.

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