Brief: Wanka Online Agrees To Issue 25.8 Mln Shares At HK$1.90 Per Subscription Share To Xin Point
07/01/2020 15:04
Jan 7 (Reuters) - Wanka Online Inc 1762.HK :
* TO ISSUE 25.8 MILLION SHARES AT HK$1.90 PER SUBSCRIPTION
SHARE
TO XIN POINT
* HUANJU TIMES ENTERED INTO A JV AGREEMENT WITH KEEN POINT
PRECISION FOR ESTABLISHMENT OF JV CO
* HUANJU TIMES, KEEN POINT PRECISION AND INDEPENDENT
INDIVIDUAL
AGREE TO ESTABLISH JV COMPANY WITH REGISTERED SHARE CAPITAL OF
RMB89.6 MILLION
* WILL INDIRECTLY CONTROL 49% OF EQUITY INTEREST IN JV CO
* JV CO WILL PRINCIPALLY ENGAGE IN INTERNET OF VEHICLES
BUSINESSES
& WILL BE LOCATED IN SHENZHEN, PRC
Source text for Eikon: urn:newsml:reuters.com:*:nHKSbtddKP
Further company coverage: 1762.HK
((Reuters.Briefs@thomsonreuters.com;))