Brief: BOC Hong Kong Says Unit Of JV, JD New Orbit Technology (Hong Kong) & JSH Virtual Ventures To Establish Licensed Virtual Bank In Hong Kong
27/03/2019 09:25
March 27 (Reuters) - BOC Hong Kong Holdings Ltd 2388.HK :
* UNIT OF JV, JD NEW ORBIT TECHNOLOGY (HONG KONG) AND JSH
VIRTUAL
VENTURES TO ESTABLISH & OPERATE A LICENSED VIRTUAL BANK IN HONG
KONG
* TOTAL JOINT INITIAL INVESTMENT FROM CO, JD NEW ORBIT AND
JSHVV
FOR ESTABLISHMENT OF JV CO SHALL BE HK$2.5 BILLION
* EACH OF COMPANY, JD NEW ORBIT AND JSHVV SHALL INVEST IN 44
PERCENT, 36 PERCENT AND 20 PERCENT INTEREST IN JV COMPANY
RESPECTIVELY
Source text (http://bit.ly/2OqLT5N)
Further company coverage: 2388.HK
((Reuters.Briefs@thomsonreuters.com;))
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