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Stock impact report

Ucommune Signs Cooperation Agreement to Develop a 41,599-Square-meter Asset-light Project in Hebei

Ucommune International Ltd - Ordinary Shares (UK) 
Company Research Source: PR Newswire
BEIJING, Dec. 28, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company has entered into a cooperation agreement (the "Agreement") with Sanhe Metro Land Zhiyuan Real Estate Company Limited, a subsidiary of real estate company Metro Land Corporate Ltd. (Shanghai Stock Exchange code: 600683) to jointly develop the "Zhuojun-Ucommune" project (the "Project") in Hebei, China.  According to the Agreement, the formal cooperation between Ucommune and Sanhe Metro Land Zhiyuan Real Estate Company Limited will commence on January 1, 2022 and last until June 30, 2023. The 41,599-square-meter asset-light project marks the 16th of Ucommune's projects with a managed area of over 10,000-square-meters."Zhuojun-Ucommune" is a smart city project combining leisure, office, shopping, and lifestyle with a wide range of amenities including dining, retail, and entertainment. The Show less Read more
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