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    586 — China Conch Venture Holdings News Story

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    Brief: China Conch Venture Says Unit & Shanghai Conch Entered Into Joint Venture Agreement

    Picture of China Conch Venture Holdings logoChina Conch Venture Holdings
    13/02/2023 11:30
    Feb 13 (Reuters) - China Conch Venture Holdings Ltd
 0586.HK :
    * UNIT AND SHANGHAI CONCH ENTERED INTO JOINT VENTURE
AGREEMENT IN
RELATION TO ESTABLISHMENT OF JV CO
    * DEAL TO JOINTLY DEVELOP LOGISTICS BUSINESS & BULK
MATERIALS
BUSINESS
    * TOTAL REGISTERED CAPITAL OF JV COMPANY AMOUNTS TO RMB100
MILLION
    * UNIT WILL CONTRIBUTE RMB55 MILLION TO TOTAL REGISTERED
CAPITAL
OF JV
    * UPON ESTABLISHMENT OF JV CO,  CO WILL INDIRECTLY HOLD 55%
STAKE
IN JV CO

Source text for Eikon:  ID:nHKS5bGCdV 
Further company coverage:  0586.HK 
 ((Reuters.Briefs@thomsonreuters.com;))

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