BRIEF-Dreameast Group's Unit Wins Land Use Rights Bid In Jiangyin City For RMB474.2 Mln

Jan 30 (Reuters) - DreamEast Group Ltd:

* UNIT WINS BID OF LAND USE RIGHTS OF LANDS SITUATED AT XUXIAKE COUNTY IN JIANGYIN CITY FOR RMB474.2 MILLION

* PURSUANT TO COOPERATION AGREEMENT, JV COMPANY WILL BE OWNED AS TO 51% BY SKYOCEAN CULTURAL AND 49% BY JINMAO INVESTMENT

* JV CO SHALL HAVE A REGISTERED CAPITAL OF RMB300 MILLION Source text for Eikon: Further company coverage:

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