Brief: Idreamsky Technology Announces Acquisition Of Asset In Shenzhen

iDreamSky Technology Holdings

11/03/2019 15:16

March 11 (Reuters) - iDreamSky Technology Holdings Ltd
 1119.HK :
    * ANNOUNCES ACQUISITION OF ASSET IN SHENZHEN
    * TOTAL CONSIDERATION FOR TARGET LAND PAYABLE BY GROUP WILL
BE
ABOUT RMB83.6 MILLION
    * EXPECTED CONSTRUCTION COST FOR TARGET PROPERTY PAYABLE BY
GROUP
WILL BE ABOUT RMB170.4 MILLION
    * SHENZHEN IDREAMSKY WITH OTHER PURCHASERS TO BUY LAND USE
RIGHT
OF A LAND PARCEL
    * IDREAMSKY TECHNOLOGY-SHENZHEN IDREAMSKY & PURCHASERS
EXPECT TO
CONSTRUCT PROPERTY ON TARGET LAND, EXPECTED CONSTRUCTION COST
PAYABLE BY GROUP RMB170.4 MILLION

Source text for Eikon:  ID:nHKSx8vYL 
Further company coverage:  1119.HK 

 ((Reuters.Briefs@thomsonreuters.com;))