Brief: Huazhang Technology Enters Fh-Hz Termination Agreement

Huazhang Technology Holding

26/05/2020 16:15

May 26 (Reuters) - Huazhang Technology Holding Ltd
 1673.HK :
    * ENTERED FH-HZ TERMINATION AGREEMENT BETWEEN FLORESCENT
HOLDINGS
& CO TO TERMINATE FRAMEWORK AGREEMENT
    * HARVEST TECH INVESTMENT MANAGEMENT CO TO ASSIST CO TO
RAISE
FINANCING OF UP TO RMB300 MILLION
    * DUBAI SHAREHOLDERS' AGREEMENT ENTERED BETWEEN CO, AN
INDIVIDUAL
& DUBAI JV CO
    * FOR DUBAI SHAREHOLDERS' AGREEMENT, TO PROVIDE INITIAL
START-UP
EQUITY FUNDING OF NO LESS THAN RMB250 MILLION AS CAPITAL
INJECTION
    * CAPITAL INJECTION OF RMB 250 MILLION IN EXCHANGE OF 60%
INTEREST
IN DUBAI JV CO

Source text for Eikon:  ID:nHKS5BWG5X 
Further company coverage:  1673.HK 

 (Reuters.Briefs@thomsonreuters.com)