Brief: Redco Properties Says Entering Into Strategic Cooperation Framework Agreement On July 18
29/07/2022 15:34
July 29 (Reuters) - Redco Properties 1622.HK :
* ENTERING INTO STRATEGIC COOPERATION FRAMEWORK AGREEMENT ON
JULY
18
* DEAL FOR ESTABLISHMENT OF JV COMPANY WITH CHINA ENERGY
ENGINEERING GROUP SOUTHERN CONSTRUCTION AND INVESTMENT
* JOINT VENTURE COMPANY WITH A PROPOSED REGISTERED CAPITAL
OF RMB3
BILLION O
* COMPANY INTENDS TO MAKE A CAPITAL CONTRIBUTION OF RMB1.2
BILLION
TO REGISTERED CAPITAL
* JV TO DEVELOP GLOBAL LOW-CARBON INDUSTRIES, ON NEW ENERGY
INDUSTRY AND NEW MATERIALS INDUSTRY
Further company coverage: 1622.HK
((Reuters.Briefs@thomsonreuters.com;))
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