Brief: Xingda International Says Investment Agreement For Formation Of JV Co

Xingda International Holdings

27/09/2023 16:07

Sept 27 (Reuters) - Xingda International Holdings Ltd
 1899.HK :
    * INVESTMENT AGREEMENT IN RELATION TO FORMATION OF A JOINT
VENTURE
CO
    * UNIT AND  HUAQIN RUBBER ENTERED INTO INVESTMENT AGREEMENT
    * TOTAL INVESTMENT AMOUNT TOWARDS JV COMPANY WILL BE RMB600
MILLION
    * JV COMPANY WILL BE PRINCIPALLY ENGAGED IN MANUFACTURE OF
STEEL
CORDS IN RELATION TO RADIAL TIRE FRAMEWORK MATERIALS
    * 60% OF TOTAL INVESTMENT AMOUNT TOWARDS JV COMPANY WILL BE
CONTRIBUTED BY JIANGSU XINGDA


Further company coverage:  1899.HK 

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