Brief: GoldMoney signed non-binding LOI to launch GoldMoney China

Goldmoney (BC)

23/11/2017 14:25

Nov 23 (Reuters) - Zhaojin Mining Industry Co Ltd  1818.HK  
    * Signed non-binding LOI formalizing JV framework whereby 
co, 
Taojinyn, Zhaojin mining will launch, operate local version of 
co in China 
    * Taojinyn, a Chinese digital gold service backed by Zhaojin 
mining, will manage local operations for the mandarin version of 
the GoldMoney web-app 
    * JV will earn 50% of all revenues generated by clients and 
will 
be owned 51% by Taojinyn and 49% by GoldMoney Inc 
 
Source text for Eikon:  ID:nGNXOHDVFa  
Further company coverage:  1818.HK  
 
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