BRIEF-Landsea Green Properties says LS-NJ and PL North America entered into agreement

April 4 (Reuters) - Landsea Green Properties Co Ltd

:

* LS-NJ and PL North America entered into agreement

* Under agreement it was agreed LS-NJ and PL North America

would cooperate to develop project, which is owned by project co

* PL North America will inject US$45.7 million as capital

into subject company by cash within 5 business days after

signing of agreement

* PL North America may exercise put right to purchase from

PL North America all of interests at ammount not exceeding us$25

mln

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