Brief: Sinolink Worldwide Holdings Forms JV Co With Zhongan Technology

Z Fin

10/12/2017 17:43

Dec 11 (Reuters) - Sinolink Worldwide Holdings Ltd 
 1168.HK : 
    * ON DEC 8 CO, ZHONGAN TECHNOLOGY CO FORMED JV CO TO INVEST 
OPPORTUNITIES IN FINTECH & INSURETECH 
    * CO & ZHONGAN TECHNOLOGY TO CONTRIBUTE RMB60 MILLION & 
RMB50 
MILLION IN CASH IN JV CO; CO TO ADDITIONALLY CONTRIBUTE RMB620 
MILLION 
    * UPON COMPLETION, CO AND ZHONGAN TECHNOLOGY WILL OWN 49 
PCT AND 
51 PCT OF VOTING INTERESTS IN JVCO, RESPECTIVELY 
    * CAPITAL CONTRIBUTION OF RMB620 MILLION IN CASH TO JVCO IS 
IN 
CONSIDERATION FOR REDEEMABLE PREFERENCE SHARES 
 
Source text for Eikon:  ID:nHKS38x2cx  
Further company coverage:  1168.HK  
 
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