BRIEF-Yugang International entered into first acquisition agreement

March 14 (Reuters) - Yugang International Ltd:

* Purchaser, vendor and guarantor entered into first

acquisition agreement

* Deal for hk$136.1 million

* Purchaser, vendor and guarantor entered into second

acquisition agreement for consideration of hk$144.6 million

* Joywell Holdings Limited,as purchaser,Future Master

Investments as vendor, and Cordoba Homes Limited as guarantor

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