Brief: Sinofert Says Unit With Qinghai Salt Lake And Sinochem Capital Investment To Form JV

Sinofert Holdings

12/11/2021 10:42

Nov 12 (Reuters) - Sinofert Holdings Ltd  0297.HK :
    * SINOFERT -  UNIT WITH QINGHAI SALT LAKE AND SINOCHEM
CAPITAL
INVESTMENT TO FORM JV
    * SINOFERT - REGISTERED CAPITAL OF JOINT VENTURE WILL BE
RMB166.6
MILLION
    * SINOFERT -  REGISTERED CAPITAL OF JV WILL BE RMB166.6
MILLION
    * SINOFERT -  UNIT WILL MAKE A CAPITAL CONTRIBUTION OF RMB75
MILLION TO JV
    * SINOFERT - UPON COMPLETION OF TRANSACTION, SINOCHEM
FERTILIZER
WILL HOLD 45% STAKE IN JV

Source text for Eikon:  ID:nHKS6VSfM6 
Further company coverage:  0297.HK 

 (Reuters.briefs@thomsonreuters.com)