Brief: Shifang Holding Says Unit Entered Into JV Agreement With Versatile Technologies

Shifang Holding

06/08/2020 16:11

Aug 6 (Reuters) - Shifang Holding Ltd  1831.HK :
    * SHIFANG HOLDING LTD- UNIT ENTERED INTO JV AGREEMENT WITH
VERSATILE TECHNOLOGIES
    * SHIFANG HOLDING- AGREEMENT FOR JOINT INVESTMENT IN JV CO
FOR
PURPOSE OF ENGAGING IN NEW MEDIA PROJECT IN CHINA
    * SHIFANG HOLDING LTD- JV CO SHALL HAVE A REGISTERED CAPITAL
OF
RMB12 MILLION
    * SHIFANG HOLDING- JV CO WILL BECOME A 51% OWNED SUBSIDIARY
OF
GROUP AFTER ESTABLISHMENT

Source text for Eikon:  ID:nHKS5dyWZG 
Further company coverage:  1831.HK 

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