Brief: Citychamp Watch & Jewellery Group updates on formation of a joint venture

Citychamp Watch & Jewellery

28/09/2016 13:25

Sept 28 (Reuters) - Citychamp Watch & Jewellery Group Ltd 
 0256.HK  
    * Union united (a wholly-owned subsidiary of company) 
entered into jv agreement with jv partners 
    * Maximum capital commitment of jv partners and union united 
will be at an aggregate investment amount of hk$900 
    * Capital commitment of hk$270 million payable by union 
united will be funded by internal resources of group 
    * Intention of jv parties to operate jv company to engage in 
potential overseas equity investment 
 
Source text for Eikon:  ID:nHKSCLcdH  
Further company coverage:  0256.HK  
 
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