Brief: Royale Home Entered LOI With Avalon Biomedical (Management)

Royale Home Holdings

06/05/2022 16:30

May 6 (Reuters) - Royale Home Holdings Ltd  1198.HK :
    * ENTERED LOI WITH AVALON BIOMEDICAL (MANAGEMENT) IN
RELATION TO A
POSSIBLE FORMATION OF JOINT VENTURE
    * JV EXPECTED TO BE ENGAGED IN EXPANDING OPERATIONS IN
RELATION TO
ADVANCE TECHNICAL KNOW-HOW OF NANOFIBRE FILTER AND ANTIMICROBIAL
TEXTILES
    * ENTERED INTO LETTER OF INTENT WITH AVALON STERITECH (BVI)
FOR
POSSIBLE INVESTMENT IN STAKE OF CO INCORPORATED IN BRITISH
VIRGIN ISLANDS
    * PRELIMINARY TOTAL INVESTMENT AMOUNT UNDER POSSIBLE
FORMATION OF
JV AND POSSIBLE INVESTMENT IS US$10 MILLION

Further company coverage:  1198.HK 

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