Brief: Feiyang International Says Unit, Ningbo Zhongcheng & Ningbo Tiantuo To Set Up JV Co

Feiyang International Holdings

18/06/2020 16:25

June 18 (Reuters) - Feiyang International Holdings Group Ltd
 1901.HK :
    * UNIT,  NINGBO ZHONGCHENG & NINGBO TIANTUO ENTER INVESTMENT
COOPERATION AGREEMENT TO SET UP JV CO
    * REGISTERED CAPITAL OF JV CO IS RMB300 MILLION WITH UNIT'S
CONTRIBUTION RMB57 MILLION
    * JV CO MAY DISTRIBUTE NO MORE THAN 2 ROUNDS OF DIVIDENDS
ANNUALLY
    * JV CO FORMED TO MANAGE & DEVELOP TOURIST ATTRACTIONS IN
PRC

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7Z7bmM
Further company coverage:  1901.HK 

 (Reuters.Briefs@thomsonreuters.com)