Huaku Development Signs Joint Construction Deal

MT Newswires Live

07/07

Huaku Development (TPE:2548) signed a joint construction and housing allocation deal with two individual landowners to develop a residential project in New Taipei, Taiwan, according to a Monday Taiwan Exchange filing.

Shares slid over 1% in Tuesday's midday trade.

The project covers 5,509.1 square meters of land in Xingui Section.

Huaku Development expects to invest about NT$4.73 billion in the project, which will comprise residential units and parking spaces for sale or lease, it said.

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