Brief: Most Kwai Chung Says Unit & Hello Bear Entered Agreement To Form JV Cos, Mofargo Ltd & Bad Ltd
19/11/2021 15:11
Nov 19 (Reuters) - Most Kwai Chung Ltd 1716.HK :
* UNIT & HELLO BEAR ENTERED AGREEMENT TO FORM JV CO, MOFARGO
FOR
SALE OF APPAREL AND RELATED PRODUCTS FROM BRANDS OVERSEAS
* UNIT AND HBL TO FORM JV CO, BAD LTD, WHICH WILL ENGAGE IN
SALE
OF INGENIOUS HOMEMADE GIFT SETS
* MOFARGO TO HAVE ISSUED SHARE CAPITAL OF HK$4 MILLION WITH
UNIT
HOLDING 60% STAKE
* BAD LTD TO HAVE ISSUED SHARE CAPITAL OF HK$4 MILLION,
OWNED 60%
BY UNIT
* BLACKPAPER, UNIT OF CO, TO PROVIDE LOAN OF HK$1.6 MILLION
TO HBL
Source text for Eikon: ID:nHKS3tjz5w
Further company coverage: 1716.HK
((Reuters.Briefs@thomsonreuters.com;))
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