Brief: China Haisheng Juice Holdings Announces Formation Of JV Company

China Haisheng Juice Holdings Co

17/03/2020 09:47

March 17 (Reuters) - China Haisheng Juice Holdings Co Ltd
 0359.HK :
    * UNIT ENTERS JV AGREEMENT WITH NINGXIAN JUNONG, NINGXIAN
JINNONG
AND FRUIT INDUSTRY BUREAU
    * JVCO WILL HAVE REGISTERED CAPITAL OF RMB50 MILLION
    * JV CO TO HAVE REGISTERED CAPITAL OF RMB50 MILLION
    * UPON COMPLETION, JV CO TO BE OWNED 78% BY SHAANXI CHAOYUE,
4% BY
NINGXIAN JUNONG, 6% BY NINGXIAN JINNONG RESPECTIVELY
    * AGREEMENT TO FORM JV CO IN NING XIAN IN GANSU PROVINCE,
PRC
    * JV CO WILL BE PRINCIPALLY ENGAGED IN FRUIT
PLANTATION,STORAGE
AND SALE OF FRUITS AND OTHER AGRICULTURAL PRODUCTS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5pqF5h
Further company coverage:  0359.HK 

 ((Reuters.Briefs@thomsonreuters.com;))