Brief: Global Mastermind Holdings Announces Formation Of A Joint Venture Company

Global Mastermind Holdings

17/03/2021 15:10

March 17 (Reuters) - Global Mastermind Holdings Ltd
 8063.HK :
    * GLOBAL MASTERMIND HOLDINGS LTD -  ANNOUNCEMENT FORMATION
OF A
JOINT VENTURE COMPANY
    * GLOBAL MASTERMIND HOLDINGS LTD -  LONG JOY AND LTL AGREED
TO
FORM JV CO
    * GLOBAL MASTERMIND-JV CO TO ENGAGE IN PROMOTION,
DISTRIBUTION AND
SALE OF PRODUCTS UNDER BRAND NAME OF "HOCHA" IN GREATER CHINA
AND SOUTHEAST ASIA
    * GLOBAL MASTERMIND-LONG JOY AND LTL WILL OWN 51% AND 49%
STAKE IN
JV CO, RESPECTIVELY
    * GLOBAL MASTERMIND-UPON SIGNING OF JV AGREEMENT, LONG JOY
TO PAY
A CASH CONSIDERATION OF HK$2 MILLION TO LTL

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4chq9S
Further company coverage:  8063.HK 

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