Brief: Royale Home's Unit Enters MoU With Suzhou Haibo Smart System Co

Royale Home Holdings

10/12/2021 14:43

Dec 10 (Reuters) - Royale Home Holdings Ltd  1198.HK :
    * UNIT ENTERED INTO A MOU WITH SUZHOU HAIBO SMART SYSTEM CO
    * MOU FOR ESTABLISHMENT OF JV FOCUSING ON RESEARCH AND
DEVELOPMENT
OF SMART HOME TECHNOLOGIES AND SYSTEMS
    * IN JV, 51% STAKE TO BE HELD BY CHITALY FURNITURE (HK) AND
49%
STAKE BY HAIBO SMART SYSTEM
    * REGISTERED CAPITAL OF JV WOULD BE RMB10 MILLION

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Further company coverage:  1198.HK 

 ((Reuters.Briefs@thomsonreuters.com;))