Brief: China Ocean Fishing Holdings says unit entered into a memorandum of cooperation

China Ocean Development

29/12/2016 11:39

Dec 29 (Reuters) - China Ocean Fishing Holdings Ltd 
 8047.HK : 
    * Under MoU, parties thereto intend to set up a joint 
venture company in Cambodia 
    * Unit entered into a memorandum of cooperation with Khmer 
First Investment Holding Group 
    * JV for purpose of investing in fishing activities in 
Cambodian coastal area, aquatic process, sale of fishing 
products 
    * Capital contributions by Jianyutang and Khmer would be 
USD8 million and USD2 million respectively 
    * JV company would be owned as to 80% by Jianyutang and as 
to 20% by Khmer respectively 
 
Source text for Eikon:  ID:nHKS2MZCS  
Further company coverage:  8047.HK  
 
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