Brief: China High Speed Transmission Equipment Group says unit enters JV agreement with Nanjing Sanbao And Zhongbang

China High Speed Transmission Equipment

22/12/2016 12:30

Dec 22 (Reuters) - China High Speed Transmission Equipment 
Group Co Ltd  0658.HK  
    * Rmb2 billion will be contributed by Nanjing High Accurate 
Drive, Nanjing Sanbao to contribute rmb900 million, rmb900 
million 
    * Unit entered into jv agreement with Nanjing Sanbao and 
Zhongbang for establishment of jv company. 
    * Registered capital of jv company is expected to be rmb2 
billion 
    * Jv co shall be owned as to 45% by Nanjing High Accurate 
Drive, 45% by Nanjing Sanbao and 10% by zhongbang 
 
Source text for Eikon:  ID:nHKS39XgXh  
Further company coverage:  0658.HK  
 
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