Shenzhen Zhaohua International (01355.HK) announced that its indirect wholly-owned subsidiary Shenzhen Jun Jun has entered into a letter of intent with Shenzhen Zhaohua to lease properties under development in Shenzhen, China for residential operation.
The property is close to some parts of the property under development at the Shenzhen International Convention and Exhibition Center. it is expected to have a leasable area of about 10,000 square meters for an initial lease period of 15 years.