Brief: Moneymax Financial Services entered into a joint venture

AP OIL International

18/10/2016 12:24

Oct 18 (Reuters) - Moneymax Financial Services Ltd  MFSL.SI  
    * Company has entered into a joint venture with AP Oil 
International Limited 
    * Company will participate in joint venture through 
subscription of equity interest in a joint venture company to be 
incorporated  for a cash consideration of rmb25.0 million 
    * JV company shall have an initial registered capital of 
rmb200 million 
    * Joint venture is not expected to have any material impact 
on gearing of group 
 
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Further company coverage:  MFSL.SI  
 
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