Brief: Palinda Says Co, China Wine Signed Letter Of Intent Of Strategic Cooperation

Palinda group

03/02/2023 13:17

Feb 3 (Reuters) - Palinda  8179.HK :
    * CO AND CHINA WINE HOLDINGS HAVE SIGNED A LETTER OF INTENT
OF
STRATEGIC COOPERATION
    * CO AND CHINA WINE WILL ESTABLISH A JOINT VENTURE ENTITY IN
PEOPLE'S REPUBLIC OF CHINA
    * JV TO ENGAGE IN VITICULTURE, BARREL AND WINE PRODUCTION
AND WINE
TRADING, AMONG OTHERS
    * CO AND CHINA WINE TO ESTABLISH JV ENTITY WITH TOTAL AMOUNT
OF
INITIAL INTENTION INVESTMENT NO LESS THAN RMB100 MILLION

Further company coverage:  8179.HK 
 ((Reuters.Briefs@thomsonreuters.com;))