Core Viewpoint - Greentown China (03900) has entered into a real estate development management agreement with Hangzhou Zhongyi Jiangchen Real Estate for project management services, enhancing its revenue potential without significant capital investment [1] Group 1: Agreement Details - The agreement is set to commence on October 20, 2025, and involves Greentown Real Estate Construction Management providing project management services for a residential property development in Qiantang District, Hangzhou, with a total construction area of approximately 90,711 square meters [1] - The selection of the project management service provider was conducted through a competitive bidding process, ensuring that Greentown Real Estate Construction Management was chosen based on comprehensive evaluation and comparison of multiple bidders [1] Group 2: Strategic Implications - The board believes that this agreement will allow the company to leverage its expertise and experience in property development and project management in China, thereby improving the quality of the project while generating income without heavy capital expenditure [1]
绿城中国(03900)附属与杭州中宜江晨置业订立房地产开发委托管理协议