It is reported that Chang Chun Eurasia Group(RCode:600697) and Jilin Zhongji Industrial signed an agreement to jointly create a company called Jilin Eurasia Zhongji Commercial.

Eurasia Zhongji will have registered capital of CNY 74.35 million of which Eurasia Zhongji will invest CNY 37.92 million in it accounting for 51% of the new JV total registered capital while Jilin Zhongji Industrial will inject its three subsidiaries into the new JV.

Separately, Eurasia Property, another subsidiary of Eurasia Group, intends to invest CNY 300 million to build the Meihe Eurasia Shopping center. The shopping center covers 35,300 square meters and is expected to have an annual investment income rate between five and 7%.

Eurasia Group also plans to spend CNY 110 million to purchase commercial properties from Beijing Zhengyang Hengrui Property.