Brief: Kasen International Holdings Announces Formation Of Joint Venture

Kasen International Holdings

02/01/2018 10:39

Jan 2 (Reuters) - Kasen International Holdings Ltd 
 0496.HK : 
    * - ANNOUNCES FORMATION OF JOINT VENTURE AND LAND 
ACQUISITION JV 
AGREEMENT 
    * JV CO TO ACQUIRE LAND FROM PHNOM PENH SILVER SAND CO LTD 
FOR 
ABOUT US$16.4 MILLION 
    * KASEN INTERNATIONAL -CARDINA, FAN & LIM ENTERED JV DEAL; 
JV CO 
HELD 49% BY CARDINA, 36% BY FAN & 15% BY LIM 
    * KASEN INTERNATIONAL HOLDINGS - INITIAL CAPITAL COMMITMENT 
TOWARDS JV COMPANY WILL BE ABOUT US$27.4 MILLION 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3Y751g 
Further company coverage:  0496.HK  
 
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