Brief: China Risun Group Announces Establishment Of Two Joint Ventures

China Risun

24/11/2020 01:27

Nov 24 (Reuters) - China Risun Group Ltd  1907.HK :
    * ANNOUNCES ESTABLISHMENT OF TWO JVS WITH PINGXIANG MINING
INDUSTRY GROUP AND WUJO LIGHT INDUSTRY AND CHEMICALS GROUP
    * RISUN GROUP WILL SUBSCRIBE FOR RMB322.5 MILLION OF
REGISTERED
CAPITAL OF PINGXIANG RISUN ENERGY
    * RISUN GROUP WILL SUBSCRIBE FOR RMB129 MILLION OF
REGISTERED
CAPITAL OF PINGXIANG ANYUAN GLASS
    * JV WITH PINGXIANG RISUN ENERGY TO INVEST IN CONSTRUCTION
OF
COKING PROJECT WITH AN ESTIMATED TOTAL INVESTMENT OF RMB5
BILLION
    * PINGXIANG ANYUAN GLASS TO INVEST IN CONSTRUCTION OF FLOAT
GLASS,
FURTHER PROCESSED GLASS PROJECT OF ESTIMATED INVESTMENT RMB1
BILLION

Source text https://bit.ly/2KpOSNJ
Further company coverage:  1907.HK 

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