Brief: Tianli Holdings Group Says Unit Entered JV Agreement

Tianli Holdings

15/01/2020 22:47

Jan 16 (Reuters) - Tianli Holdings Group Ltd  0117.HK :
    * UNIT ENTERED JV AGREEMENT WITH SHANDONG TONGJIA AND
QINGDAO
QIJIA FOR ESTABLISHMENT OF JVCO AND LIMITED PARTNERSHIP IN PRC
    * UNDER JV AGREEMENT, UNIT & SHANDONG TONGJIA TO EACH
SUBSCRIBE
RMB2 MILLION FOR THEIR RESPECTIVE 40% STAKE
    * QINGDAO QIJIA TO SUBSCRIBE RMB1 MILLION FOR REMAINING 20%
STAKE
IN JV CO
    * JV COMPANY WILL ESTABLISH LIMITED PARTNERSHIP WITH TOTAL
COMMITTED CAPITAL OF RMB1.001 BILLION
    * LIMITED PARTNERSHIP FOR INVESTMENT IN URBAN RENEWAL, URBAN
DEVELOPMENT AND INFRASTRUCTURE ETC. RELATED AREAS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbyxdtt
Further company coverage:  0117.HK 

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