Brief: Henan Jinma Energy Enters JV Agreement With Angang Group Xinyang Steel

Henan Jinma Energy

22/09/2020 16:09

Sept 22 (Reuters) - Henan Jinma Energy Co Ltd  6885.HK :
    * CO AND ANGANG GROUP XINYANG STEEL ENTERED JV AGREEMENT
    * UNDER AGREEMENT, PARTIES TO ESTABLISH JV CO IN XINYANG
CITY
    * CONDITIONALLY AGREED TO CONTRIBUTE RMB700 MILLION TO JV CO
    * JV CO WILL BE PRINCIPALLY ENGAGED IN PRODUCTION & SALE OF
COKE,
AMONG OTHERS
    * UNER AGREEMENT, JV CO WILL BE HELD AS TO 70% BY GROUP
    * SEES THAT DEVELOPMENT OF XINYANG COKE PRODUCTION PROJECT
WOULD
INVOLVE  INVESTMENT OF ABOUT RMB1,500 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSb5MJT1
Further company coverage:  6885.HK 

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