Brief: ABEO Partners With Jinling Sports To Expand Sales In China

Abeo SA

20/07/2021 07:18

July 20 (Reuters) - ABEO SAS  ABEO.PA :
    * ABEO PARTNERS WITH JINLING SPORTS TO EXPAND SALES IN CHINA
    * ANNOUNCE THE SIGNING OF AN AGREEMENT FOR THE CREATION OF A
JOINT
VENTURE
    * JINLING SPORTS AND ABEO WILL RESPECTIVELY HOLD 51% AND 49%
OF
CAPITAL OF JOINT-VENTURE, WHOSE OFFICES WILL BE LOCATED IN
SHANGHAI
    * ON THIS OCCASION, MR. LI JIANFENG, VICE-PRESIDENT OF
JINLING
SPORT, WILL BE APPOINTED PRESIDENT OF THIS ENTITY, AND WILL BE
ASSISTED BY A GENERAL MANAGER APPOINTED BY ABEO
    * NEW COMPANY WILL BE IN CHARGE OF THE EXCLUSIVE MARKETING
ON THE
TERRITORY OF MAINLAND CHINA OF ABEO'S SPORTS AND LEISURE
EQUIPMENT, COVERING TEN BRANDS OF THE GROUP

Source text for Eikon:  ID:nACT70310 
Further company coverage:  ABEO.PA 

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