Agreement for Development Rights Sample Contracts
AGREEMENT IN RELATION TO AN INTEGRATED MIXED DEVELOPMENT PROJECT IN TANGSHAN CITY, PEOPLE’S REPUBLIC OF CHINA (“PRC”)Agreement for Development Rights • February 6th, 2015
The Board of Directors of GRP Limited (the “Company” and together with its subsidiaries, the "Group") wishes to announce that the Company has entered into an agreement (the "Agreement") with the People’s Government of Kaiping District, Tangshan City, PRC (“Kaiping Government”) for the purposes of securing development rights from the People's Government of Kaiping District to undertake an integrated mixed development (the “Project”), subject to the Group’s successful tender of the lands available for development to be released by the relevant authorities in the PRC from time to time.