Purchase Agreement for the Assets of Beijing Xingwang Real Estate Co., Ltd.Purchase Agreement • April 5th, 2011 • China Golf Group, Inc. • Heavy construction other than bldg const - contractors
Beijing Xingwang Real Estate Co., Ltd. is a Sino-foreign contractual joint venture founded by Maxwell Investment Ltd. and Beijing Shengwen Investment & Consulting Co., Ltd. The total investment of Beijing Xingwang Real Estate Co., Ltd. is USD 3.1 million and the registered capital is USD 2.17 million, in which Maxwell Investment Ltd. invested USD 2.17 million and Beijing Shengwen Investment & Consulting Co., Ltd. invested USD 0. The profits allocation and risks & losses bearing between Maxwell and Shengwen are 75% and 25% respectively.
