Brief: Sinofortune Financial Holdings updates on formation of joint venture company
04/07/2017 16:09
July 5 (Reuters) - Sinofortune Financial Holdings Ltd
8123.HK :
* Shall be responsible to contribute 90% of registered
capital of JV co in sum of RMB90 million
* Co and Shenzhen Ecobeauty entered into joint venture
agreement to establish joint venture co in Chongqing city,
* JV co to carry out businesses of sales of motor vehicles,
motor vehicle parts and motor vehicle products; sales of used
motor vehicles
* Company shall be responsible to contribute 90% of
registered capital of joint venture capital of joint venture
company
* Registered capital of joint venture company to be RMB100
million
Source text for Eikon: ID:nHKS6VYNn5
Further company coverage: 8123.HK
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