Brief: Xtep International Announces Proposed Formation Of Joint Venture

Xtep International Holdings

04/03/2019 10:25

March 4 (Reuters) - Xtep International Holdings Ltd
 1368.HK :
    * UNIT OF CO, UNIT OF WOLVERINE, ENTERED INTO CERTAIN JOINT
VENTURE AGREEMENTS FOR ESTABLISHMENT OF JV
    * AGREED INITIAL CAPITAL CONTRIBUTION FROM EACH OF XTEP
HOLDCO AND
GEMINI OPERATIONS B.V TO JV SHALL BE ABOUT RMB155 MILLION
    * JV FOR DEVELOPMENT, DISTRIBUTION OF FOOTWEAR, APPAREL,
ACCESSORIES UNDER MERRELL & SAUCONY BRANDS IN MAINLAND CHINA, HK
& MACAU

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2rVf8D
Further company coverage:  1368.HK 

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