Brief: Duiba Group Says Unit & Hangzhou Keze, Zhejiang Qijiang Science And Technology Co, Among Others Entered MoU

Duiba

19/06/2020 14:03

June 19 (Reuters) - Duiba Group Ltd  1753.HK :
    * UNIT & HANGZHOU KEZE, ZHEJIANG QIJIANG SCIENCE AND
TECHNOLOGY
CO, AMONG OTHERS ENTERED INTO MOU
    * UNDER MOU, PARTIES TO FORM JV CO ZHEJIANG GUSHANG
INTELLIGENT
TECHNOLOGY
    * JV FORMED TO DEVELOP PROJECT AT HANGZHOU ZIJINGANG SCIENCE
AND
TECHNOLOGY TOWN
    * WILL HOLD 19% STAKE IN JV CO
    * JV CO'S OVERALL COSTS ESTIMATED TO BE ABOUT RMB1.66
BILLION
    * TOTAL INVESTMENT OF GROUP IN JV CO CURRENTLY EXPECTED TO
BE
ABOUT RMB332.4 MILLION
    * JV CO'S REGISTERED CAPITAL TO BE RMB100 MILLION

Source text for Eikon:  ID:nHKS8xHxxq 
Further company coverage:  1753.HK 

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