Brief: Nissin Foods Enters Agreement With Liu Feng Form A JV Co

Nissin Foods

23/01/2020 13:20

Jan 23 (Reuters) - Nissin Foods Co Ltd  1475.HK :
    * ENTERED INTO AGREEMENT WITH LIU FENG FORM A JV CO
    * CO WILL CONTRIBUTE ABOUT HK$18.6 MILLION IN CASH TO SHARE
CAPITAL OF JV CO
    * JV CO AND ITS UNIT IN SHANGHAI TO ENGAGE IN IMPORT & SALE
OF
JAPANESE BRAND FOOD AND BEVERAGE PRODUCTS IN PRC
    * NISSIN FOODS CO LTD TARGETS TO COMMENCE BUSINESS IN
SHANGHAI BY
Q2 OF 2020
    * CO WILL OWN 81% OF JV CO

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7F4xGM
Further company coverage:  1475.HK 

 (Reuters.Briefs@thomsonreuters.com)