Brief: Comfortdelgro Announces Incorporation Of JV Co In China

ComfortDelGro

29/11/2021 08:42

Nov 29 (Reuters) - Comfortdelgro Corporation Ltd  CMDG.SI :
    * INCORPORATION OF JOINT VENTURE COMPANY IN CHINA
    * ENTERED 60:40 JOINT VENTURE TO GAIN A FOOTHOLD IN
LOGISTICS
INDUSTRY IN CHINA
    * WITH INITIAL START-UP CAPITAL OF RMB12 MILLION, GUANGXI
COMFORTDELGRO LOGISTICS WILL PURCHASE FLEET OF UP TO 35 TRUCKS
BY END-2022
    * AGREEMENT BETWEEN COMFORTDELGRO (CHINA) PTE LTD, GUANGZHOU
XINHONGQIANG CONCRETE CO

Source text for Eikon:  ID:nSN9fszvg 
Further company coverage:  CMDG.SI 

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