Brief: China Ocean Industry Group Company Announces Investment Agreement And Cooperation Agreement

China Ocean Industry

23/11/2018 14:47

Nov 23 (Reuters) - China Ocean Industry Group Ltd  0651.HK :
    * COMPANY, JIANGXI SHIPBUILDING, YANGZIJIANG SHIPBUILDING
AND WUXI
TIANSHI ENTERED INTO INVESTMENT AGREEMENT
    * UNDER AGREEMENT,  PARTIES TO ESTABLISH MINING CO & TO
REORGANISE
SHIPBUILDING BUSINESS AND ASSETS OF JIANGXI SHIPBUILDING
    * SHENZHEN SUFA IRREVOCABLY AGREED TO SUBSCRIBE FOR NOT LESS
THAN
RMB50 MILLION OF REGISTERED CAPITAL OF MINING CO
    * MINING CO SHALL HAVE A TOTAL INVESTMENT AMOUNT OF RMB2.5
BILLION
AND REGISTERED CAPITAL OF RMB500 MILLION
    * BEIJING ZHONGRUN TO SUBSCRIBE FOR RMB25 MILLION OF
REGISTERED
CAPITAL OF MINING CO & PROVIDE LOAN OF RMB250 MILLION TO CO
    * COMPANY TO CONTRIBUTED RMB150 MILLION, REPRESENTING 30% OF
REGISTERED CAPITAL OF MINING CO

Source text for Eikon:  ID:nHKSz9Kw6 
Further company coverage:  0651.HK 

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