Brief: Sunwah Kingsway Capital says a unit entered into JV contract

Hanhua Holding

01/12/2016 22:09

Dec 2 (Reuters) - Sunwah Kingsway Capital Holdings 
 0188.HK - 
    * Unit entered into JV contract with Hanhua Financial, 
Chongqing Jiangbeizui, Chongqing Huiwei and Prive Financial 
    * Total investment amount for establishment of jv company 
shall be rmb1.5 billion 
    * Kingsway financial will make a capital contribution of 
rmb330 million into jv company 
    * Intended that cos' capital contribution of rmb330 million 
will be funded by internal resources, borrowing from financial 
institutions 
 
Source text for Eikon:  ID:nHKS16C8Vs  
Further company coverage:  0188.HK  
 
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