Brief: Miko International Holdings says unit entered into MoU

Miko International Holdings

04/11/2016 12:54

Nov 4 (Reuters) - Miko International Holdings Ltd  1247.HK : 
    * Unit entered into a non-legally binding memorandum of 
understanding with Xiamen Jiuzhong Investment Company Limited 
    * Memorandum of understanding in relation to establishment 
of a joint venture enterprise 
    * Miko and Xiamen company will contribute rmb45 mln and 
rmb55 mln as capital of JV company respectively 
    * JV company will be held as to 45% and 55% by Miko and 
Xiamen company accordingly 
    * JV to engage in business of manufacturing and sales of 
children's apparels on wholesale and retail basis 
 
Source text for Eikon:  ID:nHKS24zVch  
Further company coverage:  1247.HK  
 
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