Brief: Hoifu Energy says unit entered into agreement to set up JV securities co
19/05/2016 14:52
May 19 (Reuters) - Hoifu Energy Group Ltd 0007.HK : * Major transaction in relation to the formation of a joint venture securities company in Guangzhou pilot free trade zone, Nanshan area 0007.HK * KTS (a wholly owned subsidiary of the company) entered into the promoters' agreement with the co-promoters * KTS conditionally agreed to invest RMB350 million in the jv securities company * Parties agreed to set-up JV securities co in Guangzhou pilot free trade zone, Nanshan area under framework of CEPA * Says the proposed registered capital of the jv securities company will be RMB3.5 billion * Source text for Eikon urn:newsml:reuters.com:*:nHKSbD5pKt ((For more news, please click here 0007.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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