Brief: Yau Lee Holdings Ltd Says Unit Entered Into A JV Agreement With Henan Guoan

Yau Lee Holdings

22/08/2018 10:36

Aug 22 (Reuters) - Yau Lee Holdings Ltd  0406.HK :
    * UNIT ENTERED INTO A JV AGREEMENT WITH HENAN GUOAN FOR
FORMATION
OF JV COMPANY
    * REGISTERED CAPITAL OF JV COMPANY IS EXPECTED TO BE RMB100
MILLION
    * JV COMPANY SHALL BE, AFTER ITS FORMATION, OWNED AS TO 40%
BY YAU
LEE WAH TECHNOLOGY AND 60% BY HENAN GUOAN
    * YAU LEE WAH TECHNOLOGY WILL CONTRIBUTE A TOTAL AMOUNT OF
RMB40
MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4Y83xS
Further company coverage:  0406.HK 

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