Brief: Cheshi Holdings Announces Partnership Agreement With Taoyuan Investment

AI X Tech

12/05/2021 15:53

May 12 (Reuters) - Cheshi Holdings Ltd  1490.HK :
    * BEIHAI MEDIA & CONGSHU BEIJING ENTERED PARTNERSHIP
AGREEMENT
WITH TAOYUAN INVESTMENT
    * AGREEMENT FOR ESTABLISHMENT OF PARTNERSHIP FUND WITH
PROPOSED
TOTAL INVESTMENT OF RMB1 BILLION
    * PARTNERSHIP FUND LAUNCHED WITH A FOCUS ON INVESTING IN
PROJECTS
IN AUTOMOBILE, NEW CONSUMPTION & DIGITAL NEW MEDIA INDUSTRIES
    * INITIAL REGISTERED CAPITAL OF PARTNERSHIP FUND IS RMB51
MILLION
    * CONGSHU BEIJING TO CONTRIBUTE RMB49 MILLION FOR INITIAL
REGISTERED CAPITAL OF PARTNERSHIP FUND

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0512/2021051201283.pdf
Further company coverage:  1490.HK 

 ((Reuters.Briefs@thomsonreuters.com;))