Brief: China Haisheng Juice Holdings Announces Formation Of JV Company
11/12/2019 10:19
Dec 11 (Reuters) - China Haisheng Juice Holdings Co Ltd
0359.HK :
* LAIBIN HAISHENG AND GUANGXI LAIBIN MODERN AGRICULTURE HAVE
TO
ESTABLISH JV COMPANY WITH A REGISTERED CAPITAL OF RMB30.0
MILLION
* JV COMPANY WILL BE PRINCIPALLY ENGAGED IN MODERNIZED
EXTENSIVE
PLANTATION AND SALE OF APPLE AND OTHER FRUITS
* LAIBIN HAISHENG AND GUANGXI LAIBIN MODERN AGRICULTURE TO
CONTRIBUTE AT RMB19.5 MILLION AND RMB10.5 MILLION RESPECTIVELY
TO JV CO
* ON COMPLETION OF TRANSACTION, LAIBIN HAISHENG & GUANGXI
LAIBIN
MODERN AGRICULTURE TO HOLD 65% & 35% STAKE IN JV RESP.
Source text for Eikon: ID:nHKS87Fn1y
Further company coverage: 0359.HK
((Reuters.Briefs@thomsonreuters.com;))
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