Brief: Universal Technologies Says Listco Subsidiary & Partner To Establish JV

Universal Technologies Holdings

14/01/2020 15:11

Jan 14 (Reuters) - Universal Technologies Holdings Ltd
 1026.HK :
    * LISTCO SUBSIDIARY AND JV PARTNER TO ESTABLISH JV TO
PARTICIPATE
IN LAND AUCTIONS AND PROPERTY DEVELOPMENT
    * UNDER JV DEAL, MAXIMUM CONTRIBUTION COMMITTED BY LISTCO
SUBSIDIARY IN JV CO IS CAPPED AT RMB219 MILLION
    * JV CO TO BE OWNED AS TO 30% BY LISTCO UNIT & 70% BY JV
PARTNER
    * JV CO TO HAVE REGISTERED CAPITAL OF RMB10 MILLION

Source text for Eikon:  ID:nHKS5g3CfH 
Further company coverage:  1026.HK 

 ((Reuters.Briefs@thomsonreuters.com;))