BRIEF-Kwan On Announces Entered MoA For A Development Project

Sept 13 (Reuters) - Kwan On Holdings Ltd:

* ENTERED MOA FOR METRO MANILA PASIG RIVER LIGHT RAIL TRANSIT-ORIENTED DEVELOPMENT PROJECT

* GROUP WORKED IN COLLABORATION WITH POWERCHINA HUADONG TO DRAFT PROPOSAL FOR PROJECT AND SUBMITTED PROJECT PROPOSAL TO MMDA

* PROJECT PROPOSAL INCLUDES INVESTMENT OF USD3 BILLION IN CONSTRUCTING A 27-KM EAST-WEST LIGHT RAIL, PROPERTY DEVELOPMENTS ABOVE STATIONS Source text for Eikon: Further company coverage: