Brief: Fih Mobile Says Unit Entered Cooperation Agreement

FIH Mobile

02/11/2023 10:32

Nov 2 (Reuters) - FIH Mobile Ltd  2038.HK :
    * UNIT ENTERED INTO A COOPERATION AGREEMENT WITH BEIJING
ASIA
UNICOM AVIATION EDUCATION TECHNOLOGY
    * AGREEMENT TO FORM A PRC JOINT VENTURE COMPANY
    * JV CO WITH TOTAL INVESTMENT AMOUNT OF RMB390 MILLION
    * BAU WILL CONTRIBUTE TO JVC RMB200 MILLION IN CASH
    * ENTIRE EQUITY INTEREST IN JVC WILL BE ULTIMATELY OWNED 51%
BY
BAU AND 49% BY UNIT

Source text for Eikon:  ID:nHKS8PKMzm 
Further company coverage:  2038.HK 

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