Ruentex Development Unit Signs Joint Construction Deal

MT Newswires Live

02/04

Ruentex Development (TPE:9945) unit Ruentex Construction & Development signed a joint construction deal for a project in New Taipei, Taiwan.

The land-sharing ratio for the project is about 41.7% to 47.8% to the landlord and 52.2% to 58.3% to the developer, according to a Wednesday Taiwan Exchange filing.

Financial terms were not disclosed.

The purpose of the project is to expand revenue through construction and development.

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