Brief: Ocean Line Port Development's Unit Enters JV Deal With Chizhou Transport Group & Chizhou Jinqiao Group
26/11/2020 14:20
Nov 26 (Reuters) - Ocean Line Port Development Ltd
8502.HK :
* UNIT ENTERED INTO JV DEAL WITH CHIZHOU TRANSPORT GROUP &
CHIZHOU
JINQIAO GROUP
* JV CO WILL BE OWNED 20% BY CHIZHOU TRANSPORT GROUP, 8% BY
CHIZHOU JINQIAO GROUP, AND 72% BY CHIZHOU PORT HOLDINGS
* PROPOSED REGISTERED CAPITAL OF JV CO WILL BE RMB50 MLN
* JV CO TO ENGAGE IN PORT CONSTRUCTION, PROVISION OF CARGO
LOADING
AND UNLOADING, TRANSIT TRANSPORTATION SERVICES IN PRC
Source text for Eikon: ID:nHKSbsSr2k
Further company coverage: 8502.HK
((Reuters.Briefs@thomsonreuters.com;))
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