Brief: International Business Settlement Holdings Announces JV

International Business Settlement Holdings

04/10/2019 11:50

Oct 4 (Reuters) - International Business Settlement Holdings
Ltd  0147.HK :
    * UNIT ENTERED INTO COOPERATION AGREEMENT WITH UNICON
PURSUANT TO
WHICH UNIT  AND UNICON WILL ESTABLISH JV
    * REGISTERED CAPITAL OF JV SHALL BE USD30 MILLION, OF WHICH
UNIT
SHALL BE CONTRIBUTING USD21 MILLION
    * JOINT VENTURE FOR PURPOSE OF MANUFACTURING AND SELLING OF
CONTACT LENSES
    * TOTAL INVESTMENT AMOUNT OF JV EXPECTED TO BE AROUND RMB540
MILLION, APART FROM REGISTERED CAPITAL
    * REMAINING INVESTMENT AMOUNT OF ABOUT RMB328.6 MILLION WILL
BE
CONTRIBUTED BY LOANS

Source text for Eikon: urn:newsml:reuters.com:*:nHKS6DJB8N
Further company coverage:  0147.HK 

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