Brief: Merchant House International Announces Expiry Of JV Agreement With Tianjin Tianxing Kesheng Leather Products Co

Merchant House International

13/07/2023 11:33

July 13 (Reuters) - Merchant House International Ltd
 MHI.AX :
    * EXPIRY OF JOINT VENTURE AGREEMENT WITH  TIANJIN TIANXING
KESHENG
LEATHER PRODUCTS COMPANY
    * IN DISCUSSION WITH CONTROLLING SHAREHOLDERS OF TIANJIN
TIANXING
KESHENG LEATHER PRODUCTS CO
    * IN TALKS WITH CONTROLLING SHAREHOLDERS OF TIANXING TO
CONSIDER
SALE OF FORSAN'S SHARE IN TIANXING
    * DECISION BY BOARD OF MHI NOT TO CONTINUE  INVESTMENT IN
TIANXING
FOLLOWS  DECLINE IN PROFITS IN RECENT YEARS
    * FORSAN WILL NOT RENEW CO-OPERATION AGREEMENT FOR
PRODUCTION FROM
TIANXING WHEN IT EXPIRES IN AUGUST

Source text for Eikon:  ID:nASX7ZfD90 
Further company coverage:  MHI.AX 

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