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    8623 — China Saftower International Holding News Story

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    Brief: China Saftower International Says Formation Of JV

    Picture of China Saftower International Holding logoChina Saftower International Holding
    05/04/2024 10:53
    April 5 (Reuters) - China Saftower International Holding
Group Ltd  8623.HK :
    * FORMATION OF JOINT VENTURE
    * UNIT ENTERED JV ARTICLES WITH YIHENG TENGYU
    * JOINT VENTURE WILL HAVE REGISTERED CAPITAL OF RMB10
MILLION
    * JV TO BE HELD AS TO 51% BY HAINAN SAFTOWER AND 49% BY
YIHENG
TENGYU
    * JV ENGAGED IN DEVELOPMENT AND OPERATION OF CHARGING
FACILITIES
FOR NON-MOTORISED VEHICLES

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