Brief: New Sports updates on MOU relating to a possible set up of a joint venture

Glory Sun Land

21/02/2017 10:38

Feb 21 (Reuters) - New Sports Group Ltd  0299.HK  
    * Shenzhen Baoxin Sport Industry and Huang Xintao entered 
into a non-legally binding memorandum of understanding 
    * Pursuant to MOU Baoxin and Huang proposed to establish a 
JV company, equity interest of which is proposed to be held as 
to 75% by Baoxin and 25% by Huang 
 
Source text for Eikon:  ID:nHKS1Dh75h  
Further company coverage:  0299.HK  
 
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