Brief: Yihai International Holding updates on formation of a joint venture

Yihai International Holding

11/07/2017 11:51

July 11 (Reuters) - Yihai International Holding Ltd 
 1579.HK : 
    * Yihai Intl-connected Transaction - Formation Of A Joint 
Venture  1579.HK  
    * Yihai Shanghai and Xinpai Shanghai entered into investment 
cooperation agreement 
    * Yihai shanghai and xinpai shanghai will form joint venture 
in PRC 
    * Pursuant to terms of investment cooperation agreement, 
registered capital of JV proposed to be established shall be 
RMB50 million 
    * Yihai Shanghai and Xinpai Shanghai will be interested in 
60% and 40% of registered capital of joint venture, respectively 
    * Joint venture will be principally engaged in manufacture 
and sales of self-serving small hotpot products 
 
Source text for Eikon:  ID:nHKS5J7qhr  
Further company coverage:  1579.HK  
 
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