Brief: Yau Lee Holdings Says Unit Entered Agreement With Hubei Guangsheng To Form JV Co
24/04/2018 11:33
April 24 (Reuters) - Yau Lee Holdings Ltd 0406.HK :
* UNIT ENTERED INTO A JV AGREEMENT WITH HUBEI GUANGSHENG FOR
FORMATION OF JV CO
* REGISTERED CAPITAL OF JV COMPANY IS EXPECTED TO BE RMB100
MILLION
* UNIT WILL CONTRIBUTE A TOTAL AMOUNT OF RMB40 MILLION IN
FORM OF
CASH TO JV
Source text for Eikon: ID:nHKS64knxl
Further company coverage: 0406.HK
((Reuters.Briefs@thomsonreuters.com;))
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