Brief: Daido Group Says Unit Entered Into JV Agreement

Daido

06/09/2018 13:43

Sept 6 (Reuters) - Daido Group Ltd  0544.HK :
    * UNIT TOGETHER WITH SUB-ZERO (HK), GIK BUSINESS AND JV
COMPANY
ENTERED INTO JV AGREEMENT
    * JV COMPANY WILL BE PRINCIPALLY ENGAGED IN COLD STORAGE
BUSINESS
IN HONG KONG AND/OR PRC
    * INITIAL TOTAL INVESTMENT AMOUNT OF HONG KONG JV PROJECT
SHALL BE
IN SUM OF UP TO US$33 MILLION
    * ISSUED SHARE CAPITAL OF JV CO WILL BE OWNED AS TO 30% BY
SKY
ELEGANT, AS TO 60% BY SUB-ZERO (HK) AND AS TO 10% BY GIK
BUSINESS

Source text for Eikon:  ID:nHKS5HFZ23 
Further company coverage:  0544.HK 

 ((Reuters.Briefs@thomsonreuters.com;))