Brief: Top Spring International announces disposal of stake in Qianhai New Top Spring, formation of JV

Top Spring International Holdings

05/12/2016 11:49

Dec 5 (Reuters) - Top Spring International Holdings Ltd 
 3688.HK  
    * connected Transaction Deemed Disposal Of 51% Of The Equity 
Interest In Qianhai New Top Spring And Formation Of Joint 
Venture 
    * Shenzhen new top spring agreed to make an additional 
capital contribution in amount of rmb14.5 million 
    * unit, yunnan rongzhi and party a, entered into capital 
increase agreement 
    * aggregate value of capital contribution in qianhai new top 
spring under capital increase agreement  is rmb24.5 million 
    * yunnan rongzhi agreed to make capital contribution of 
rmb14.5 million;  party a agreed to make capital contribution of 
rmb11mln 
 
Source text for Eikon:  ID:nHKScgcwhx  
Further company coverage:  3688.HK  
 
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