Brief: Xpress says Kunming Luchen will subscribe for 30% of equity interest in JV

A-Smart Holdings

27/05/2016 11:19

May 27 (Reuters) - Xpress Holdings Ltd  XPRL.SI : 
 
 * Joint venture with sheng shiong group ltd. and kunming luchen group co., 
   ltd.)  XPRL.SI  
 * Deal for US$1 million 
 * Kunming luchen will subscribe for 30% of the equity interest in the joint 
venture company for a cash consideration of US$3 million 
 * The joint venture company will have a registered capital of US$10 million 
 * Unit entered into jv agreement in relation to a proposed joint venture with 
   sheng shiong group and kunming luchen group co 
 * Source text for Eikon  ID:nSNZ2GJ26t  
 
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