Brief: Qingling Motors Says Co And Oriental Xinyuan Holdings Entered Into JV Agreement
02/12/2020 10:02
Dec 2 (Reuters) - Qingling Motors Co Ltd 1122.HK :
* QINGLING MOTORS CO LTD- CO AND ORIENTAL XINYUAN HOLDINGS
ENTERED INTO JV AGREEMENT
* QINGLING MOTORS CO LTD - REGISTERED CAPITAL OF JV WILL BE
RMB100 MILLION
* QINGLING MOTORS - AGREEMENT TO JOINTLY SET UP A JV FOR
SALES OF
AUTOMOBILES & AFTER- SALES SERVICE IN CHONGQING, PRC
* QINGLING MOTORS- CO AND XINYUAN HOLDINGS WILL HOLD 49%
AND 51%
EQUITY IN JV, RESPECTIVELY
Source text for Eikon: ID:
Further company coverage: 1122.HK
((Reuters.Briefs@thomsonreuters.com;))
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