Brief: China Starch says unit entered into an agreement to form JV

China Starch Holdings

05/07/2017 13:43

July 5 (Reuters) - China Starch Holdings  3838.HK : 
    * On 25 June 2017, Golden Corn, an indirect wholly-owned 
subsidiary of company, entered into jv agreement with jv partner 
    * Agreement for formation of jv company with registered 
capital of rmb200 million 
    * Registered capital of jv co to be contributed as to RMB110 
mln by GOLDEN CORN and RMB90 mln by Linqing Deneng Bio 
TechnoloGY 
    * JV co was established on 30 June 2017;owned as to 55% by 
Golden Corn and 45% by jv partner 
    * Principal business of JV co is manufacture, research and 
development, sale of starch and starch products, food additives, 
feeds, amino acids for feeds 
 
Source text for Eikon:  ID:nHKSc6hjDk  
Further company coverage:  3838.HK  
 
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