Brief: Pizu Group Holdings Says Unit Entered Joint Venture Agreement With Shengli Resource
18/03/2022 11:06
March 18 (Reuters) - Pizu Group Holdings Ltd 8053.HK :
* UNIT ENTERED JOINT VENTURE AGREEMENT WITH SHENGLI RESOURCE
AND
TIBET XINSEN IN RELATION TO FORMATION OF JOINT VENTURE CO
* EACH OF TIBET FUDEYUAN, SHENGLI RESOURCE AND TIBET XINSEN
TO
CONTRIBUTE RMB275 MILLION, RMB150 MILLION AND RMB75 MILLION,
RESPECTIVELY TO JV
* REGISTERED CAPITAL OF JOINT VENTURE COMPANY RMB500 MILLION
* JOINT VENTURE CO MAY ACQUIRE EQUITY INTERESTS OF TARGET
COMPANY,
WHICH IS PRINCIPALLY ENGAGED IN MINING
Further company coverage: 8053.HK
((Reuters.Briefs@thomsonreuters.com;))
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