Brief: Fih Mobile Entered Into JV Agreement With Stellantis, Wonderful Stars And Mobile Drive Netherlands B.V To Establish A Joint Venture

FIH Mobile

24/08/2021 02:19

Aug 24 (Reuters) - FIH Mobile Ltd  2038.HK :
    * ENTERED INTO JV AGREEMENT WITH STELLANTIS, WONDERFUL STARS
AND
MOBILE DRIVE NETHERLANDS B.V TO ESTABLISH A JOINT VENTURE
    * UNDER JV DEAL, AMONG OTHER THINGS, WONDERFUL STARS SHALL
CONTRIBUTE MOBILE DRIVE GROUP TO JV CO AS PART OF FIH INTERNAL
RESTRUCTURING
    * STELLANTIS SHALL CONTRIBUTE IN EUR A CASH AMOUNT
EQUIVALENT TO
US$40 MILLION TO JV CO

Source text for Eikon:  ID:nHKS6qmG5y 
Further company coverage:  2038.HK 

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