Brief: AP Oil International signs JV for undertaking financial leasing business in China
18/10/2016 11:02
Oct 18 (Reuters) - AP Oil International Ltd AOIL.SI
* co enters into JV with Moneymax Financial Services,
Zongshen And Free Trade Port Co
* Jv company shall have an initial registered capital of
rmb200 million
* Deal for cash consideration of rmb25.0 million
* jv for purpose of undertaking financial leasing business
in Chongqing, people's republic of china
* Ap oil international says to subscribe equity interest in
jv company to be incorporated representing 12.5% of equity
interests of jv company
Source text for Eikon: ID:nSNZ2jW45m
Further company coverage: AOIL.SI
((Bangalore.newsroom@thomsonreuters.com;))
Recent news on AP OIL International
See all newsBrief: AP Oil International Says Ewe Tuck Foong Appointed As Chief Financial Officer
Brief: AP Oil International Says Lau Tai Chong Resigns As Chief Financial Officer
Brief: AP Oil International Sees Significant Decrease In Profit After Tax For FY23
Brief: AP Oil International Expects To Report Decrease In Profit After Tax For 1H2023
Brief: AP Oil International Ltd Sees A Decrease In Profit After Tax For Second Half Year