Brief: Hua Long Jin Kong's Unit Enters Deal With Hangzhou Huazhiying Investment Management & PRC Equity Owners

Hang Pin Living Technology Co

04/10/2018 15:41

Oct 4 (Reuters) - Hua Long Jin Kong Co Ltd  1682.HK :
    * UNIT ENTERED VARIABLE INTEREST ENTITY AGREEMENT WITH
HANGZHOU
HUAZHIYING INVESTMENT MANAGEMENT AND PRC EQUITY OWNERS
    * THROUGH VIE AGREEMENTS, UNIT WILL HAVE  CONTROL OVER
FINANCE &
OPERATION OF HANGZHOU HUAZHIYING INVESTMENT MANAGEMENT CO., LTD
    * THROUGH AGREEMENTS, UNIT WILL ALSO RECEIVE  ENTIRE
ECONOMIC
INTERESTS AND BENEFITS GENERATED BY OPCO
    * UNIT TO PROVIDE NON-INTEREST BEARING LOAN OF RMB6.5
MILLION TO
PRC EQUITY OWNERS

Source text for Eikon:  ID:nHKSbWvX2G 
Further company coverage:  1682.HK 

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