Brief: Chongqing Machinery & Electric co says unit enters into JV contract

Chongqing Machinery & Electric Co

05/01/2016 12:26

Jan 5 (Reuters) - Chongqing Machinery & Electric Co Ltd  2722.HK : 
 * Chongqing m&e-connected transaction establishment of a joint venture company 
    2722.HK  
 * Says unit entered into the jv contract 
 * Pursuant to contract, Chongqing General have agreed to establish the jv co 
 * Says formation of the jv company will be initiated within twenty business 
   days thereafter 
 * Says registered capital of the jv company will be RMB30 million which will be 
   contributed in cash 
 * Says capital contribution of Chongqing general will be funded by internal 
   resources 
 
 * Source text for Eikon  ID:nHKS57gddd  
 
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