Brief: Pizu Group Holdings Says Unit And Zhongtai Explovises Entered Into Investment Agreement

Pizu group

12/10/2021 10:23

Oct 12 (Reuters) - Pizu Group Holdings Ltd  8053.HK :
    * UNIT AND ZHONGTAI EXPLOVISES ENTERED INTO INVESTMENT
AGREEMENT,
UNDER WHICH PARTIES AGREED TO ESTABLISH JV CO
    * REGISTERED CAPITAL OF JV CO WILL BE RMB1 MILLION
    * JV CO FOR TO PRODUCTION, PACKAGE AND SALE OF ANFO
EXPLOSIVES
    * REGISTERED CAPITAL WILL BE CONTRIBUTED AS TO 70% AND 30%
BY
BAYANNUR SHENGAN AND ZHONGTAI EXPLOSIVES, RESPECTIVELY

Further company coverage:  8053.HK 

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