China Resources Land Secures New Construction Deal

China Resources Land (HK:1109) has released an update.

China Resources Land’s subsidiary Shenzhen Runzhi has inked a Construction Management Service Framework Agreement with CR Beverage to provide construction and management services for the latter’s production facilities until the end of 2026. This deal is classified as a continuing connected transaction, falling under specific reporting and review regulations but exempt from requiring independent shareholder approval. The agreement underscores the ongoing business synergies within the China Resources conglomerate, given the shared controlling interests.

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