Brief: Bii Railway Transportation Technology Says Bii Zhongfu Entered Into Joint Venture Agreement

BII Railway Transportation Technology Holdings Co

07/06/2023 14:34

June 7 (Reuters) - Bii Railway Transportation Technology
Holdings Co Ltd  1522.HK :
    * BII ZHONGFU ENTERED INTO JOINT VENTURE AGREEMENT WITH
BEIJING
SMART CITY AND OTHERS
    * REGISTERED CAPITAL OF BEIJING SMART HUB TECHNOLOGY
DEVELOPMENT
WILL BE RMB20 MILLION
    * AGREEMENT IN RELATION TO FORMATION OF JOINT VENTURE
COMPANY
    * JV CO ESTABLISHED TO ENGAGE IN INTELLIGENT HUB RELATED
BUSINESS
PROJECTS
    * BII ZHONGFU, BEIJING SMART CITY, BEIMING SOFTWARE
REPRESENT
32%,38%,30% OF REGISTERED CAPITAL OF JV RESPECTIVELY
    * TWO DIRECTORS SHALL BE NOMINATED BY BII ZHONGFU, TWO
DIRECTORS
SHALL BE NOMINATED BY BEIJING SMART CITY TO JV
    * ONE DIRECTOR SHALL BE NOMINATED BY BEIMING SOFTWARE TO JV

Source text for Eikon:  ID:nHKS9LZVq3 
Further company coverage:  1522.HK