Brief: Ground International Development says to establish a joint venture company in PRC

China Changbaishan International Holdings

31/03/2017 12:41

March 31 (Reuters) -    Ground International Development 
Ltd  0989.HK : 
    * It is proposed that company and possible jv partners are 
to establish a joint venture company in prc 
    * Registered capital of jv company is initially set as 
rmb100 million 
    * It is proposed that jv company will be owned beneficially 
as to 80% by company and as to 20% by possible jv partners 
    * JV company will be principally engaged in development of a 
cultural-tourism project in nanchang 
    * Co entered into a non-legally binding memorandum of 
understanding with jiangxi shengshuitang cultural tourism 
development 
    * Upon establishment, jv company will become a non-wholly 
owned subsidiary of company 
 
 
    Source text (http://bit.ly/2op4p0L) 
    Further company coverage:  0989.HK  
 
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