Brief: Cosmo Advanced Materials & Technology to set up JV in China

Cosmo Advanced Materials & Technology

21/11/2016 06:32

Nov 21 (Reuters) - Cosmo Advanced Materials & Technology Co 
Ltd  005070.KS  : 
     
    * Says it will invest 1.18 billion won to set up a joint 
venture in China, named Shandong New Powder Cosmo Am&T.Co.,Ltd, 
for business diversity  
    * The joint venture will be capitalized as 5.91 billion won 
    * Says it will provide technical support and hold 20 percent 
stake in the joint venture, after the transaction  
     
    Source text in Korean: https://goo.gl/RvRBhp 
    Further company coverage:  005070.KS  
 
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