Brief: China Electronics Optics Valley Union Says Entered Cooperation Agreement and Jv Agreement

China Electronics Optics Valley Union Holding

28/10/2020 13:07

Oct 28 (Reuters) - China Electronics Optics Valley Union
Holding Co Ltd  0798.HK :
    * ENTERED COOPERATION AGREEMENT WITH NANTONG ADMINISTRATIVE
COMMITTEE AND IRICO GROUP
    * JV CO TO BE OWNED BY GROUP & IRICO AS TO 70% & 30%,
RESPECTIVELY
    * CEOVU HK & HEFEI OVU AND IRICO GROUP ENTERED JV AGREEMENT
TO
FORM A JV CO
    * REGISTERED CAPITAL OF JV SHALL BE RMB200 MILLION
    * CEOVU HK SHALL CONTRIBUTE RMB50 MILLION & HEFEI OVU SHALL
CONTRIBUTE RMB90 MILLION TO CAPITAL OF JV CO
    * UNDER COOPERATION AGREEMENT, CO, NANTONG ADMINISTRATIVE
COMMITTEE & IRICO GROUP INTEND TO ESTABLISH A FUND
    * JV CO TO UNDERTAKE PROJECT OF DEVELOPING MANUFACTURING
ECOINDUSTRIAL PARK IN CHONGCHUAN DISTRICT

Source text for Eikon:  ID:nHKS1PkTzk 
Further company coverage:  0798.HK