Brief: TUS International says Pine Mega And Kunshan Qidi enters termination agreement

Titan Invo Technology

27/01/2017 08:44

Jan 27 (Reuters) - TUS International Ltd  0872.HK  
    * Termination would release group from obligation of 
contributing capital commitment in total amount of RMB75 million 
to JV companies 
    * Pine Mega And Kunshan Qidi entered into a termination 
agreement 
    * Established Kunshan JV company pursuant to Kunshan 
Framework agreement and Suzhou JV company pursuant to Suzhou 
Framework agreement. 
    * Termination of investment framework agreements, 3 JV cos 
would not have any material adverse impact on business 
operation, financial position of group 
    * "Would become extremely difficult for group to carry out 
such incubation investment strategies through JV companies as 
originally envisaged" 
    * Marvel Rise and Suzhou Ziguang entered into a termination 
agreement 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7wLQTs 
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