Brief: China Modern Dairy Announces Formation Of JV

China Modern Dairy Holdings

22/06/2022 15:01

June 22 (Reuters) - China Modern Dairy Holdings Ltd
 1117.HK :
    * FORMATION OF JOINT VENTURE
    * REGISTERED CAPITAL OF JV COMPANY IS RMB1 BILLION
    * TO ESTABLISH JV CO FOR INVESTMENT IN NEW DAIRY FARMS IN
INNER
MONGOLIA
    * SHAREHOLDING OF JV COMPANY IS HELD AS TO 51% BY MODERN
FARMING
(GROUP)
    * MODERN FARMING & RIXIN INVESTMENT TO CONTRIBUTE RMB510
MILLION &
RMB490 MILLION, RESPECTIVELY, IN CAPITAL OF JV CO

Further company coverage:  1117.HK 

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