Brief: Yongsheng Advanced Materials Co Announces Divestment And Formation Of JV

Huvis

27/08/2018 16:16

Aug 27 (Reuters) - Yongsheng Advanced Materials Co Ltd
 3608.HK :
    * UNIT TO SELL 30 PERCENT STAKE  IN NANTONG YONGSHENG AT
CONSIDERATION OF RMB17.7 MILLION
    * HUVIS TO GRANT TO NANTONG YONGSHENG EXCLUSIVE RIGHT TO USE
LICENSED TECHNOLOGY AND BRANDS IN PRC
    * YONGSHENG DYEING, HUVIS AND NANTONG MINORITY SHAREHOLDERS
ENTERED INTO JOINT VENTURE AGREEMENT
    * UNIT TO SELL SAID STAKE IN  NANTONG YONGSHENG TO HUVIS
CORP

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3FNW21
Further company coverage:  3608.HK 

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