Brief: Ocean Line Port Development Says Unit Entered Capital Injection Agreement To Form JV Co
30/09/2020 15:24
Sept 30 (Reuters) - Ocean Line Port Development Ltd
8502.HK :
* UNIT ENTERED CAPITAL INJECTION AGREEMENT WITH CHIZHOU
TRANSPORT
GROUP, CHIZHOU JINQIAO GROUP AND CNBM NEW MATERIAL
* PROPOSED REGISTERED CAPITAL OF JV CO WILL BE RMB200
MILLION
* UNDER AGREEMENT, PARTIES AGREED TO ESTABLISH JOINT VENTURE
COMPANY IN CHIZHOU CITY, PRC
* TOTAL INVESTMENT BY UNIT EXPECTED TO BE RMB20 MILLION
* JV CO TO BE ENGAGED IN PROVISION OF CARGO LOADING &
UNLOADING,
STORAGE, AMONG OTHERS IN PRC
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8SGY9y
Further company coverage: 8502.HK
((Reuters.Briefs@thomsonreuters.com;))
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