Brief: China Fordoo Says In Talks To Explore Possibility Of Establishing A JV

China Anchu Energy Storage

09/08/2021 10:50

Aug 9 (Reuters) - China Fordoo Holdings Ltd  2399.HK :
    * ENGAGING IN TALKS TO EXPLORE POSSIBILITY OF ESTABLISHING A
JV IN
AUTOMOTIVE AND MOTORCYCLE AFTERMARKET
    * INITIAL TARGET MARKETS OF JV WILL BE SAUDI ARABIA & OTHER
MIDDLE
EASTERN COUNTRIES & MAY EXPAND TO OTHER COUNTRIES IN FUTURE
    * AS AT AUG 9, HAS NOT ENTERED ANY FORMAL OR LEGALLY BINDING
AGREEMENT REGARDING ESTABLISHMENT OF JV


Further company coverage:  2399.HK 

 (Reuters.Briefs@thomsonreuters.com)