Brief: Shougang Concord Grand (Group) Updates On Formation Of Joint Venture
19/04/2018 14:39
April 19 (Reuters) - Shougang Concord Grand (Group) Ltd
0730.HK :
* UNIT ENTERED INTO JOINT VENTURE AGREEMENT WITH SHOUGANG
FUND TO
ESTABLISH JOINT VENTURE
* JV ENGAGES IN BUSINESS OF SUPPLY CHAIN FINANCIAL
MANAGEMENT
SERVICES AND WILL HAVE AN INITIAL REGISTERED CAPITAL OF RMB100
MILLION
* UNIT CONTRIBUTES 10 PERCENT AND SHOUGANG FUND CONTRIBUTES
90
PERCENT OF JV
Source text for Eikon: ID:nHKSbfnxDW
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