Brief: We Solutions Says Jemmell, Glm And Co Entered Into Joint Venture Agreement
12/11/2019 14:11
Nov 12 (Reuters) - We Solutions Ltd 0860.HK :
* JEMMELL, GLM AND COMPANY ENTERED INTO JOINT VENTURE
AGREEMENT
* REGISTERED CAPITAL OF JV COMPANY WILL BE RMB700.0 MILLION
* JV CO IN PRC TO ENGAGE PRIMARILY IN DESIGN, RESEARCH AND
DEVELOPMENT, AND PRODUCTION OF NEVS AND RELATED AUTOMOBILE PARTS
* UNDER JV DEAL, JEMMELL, GLM & CO TO CONTRIBUTE RMB400
MILLION,
RMB200 MILLION & RMB100 MILLION RESPECTIVELY
Source text for Eikon: ID:nHKS17DNDB
Further company coverage: 0860.HK
(Reuters.Briefs@thomsonreuters.com)
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