Brief: New Focus Auto Tech Says Approved New Focus (Beijing) To Establish A New Co

New Focus Auto Tech Holdings

26/09/2023 02:53

Sept 26 (Reuters) - New Focus Auto Tech Holdings Ltd
 0360.HK :
    * APPROVED NEW FOCUS (BEIJING) TO ESTABLISH A NEW CO JINYI
(MIANYANG) HYDROGEN ENERGY TECHNOLOGY
    * REGISTERED CAPITAL OF JINYI RMB100 MILLION
    * UPON ESTABLISHMENT, JINYI HYDROGEN ENERGY TECHNOLOGY WILL
BECOME
INDIRECT 60%-OWNED SUBSIDIARY OF CO
    * APPROVED NEW FOCUS (BEIJING) AND NEWTEC TO ENTER INTO
PARTNERSHIP AGREEMENT WITH MIANYANG XINTOU
    * REGISTERED CAPITAL OF RMB60 MILLION WILL BE CONTRIBUTED BY
NEW
FOCUS (BEIJING)
    * PARTNERSHIP AGREEMENT FOR ESTABLISHMENT OF MIANYANG NEW
HYDROGEN
NEW ENERGY TECHNOLOGY PARTNERSHIP
    * TOTAL AMOUNT OF CAPITAL COMMITMENTS OF LIMITED PARTNERSHIP
IS
RMB291 MILLION

Source text for Eikon:  ID:nHKSbZzkPN 
Further company coverage:  0360.HK 

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