Brief: Zhong Ao Home Says Foshan Pairuier Entered Into Equity Cooperation Agreement

Zhong Ao Home

09/07/2021 11:29

July 9 (Reuters) - Zhong Ao Home Group Ltd  1538.HK :
    * FOSHAN PAIRUIER ENTERED INTO EQUITY COOPERATION AGREEMENT
WITH
GREENTOWN PROPERTY AND HANGZHOU SAIAN
    * JV COMPANY FOR IN PROVISION OF PROPERTY CLEANING SERVICES
AS
WELL AS OTHER ENVIRONMENTAL RELATED SERVICES IN PRC
    * REGISTERED CAPITAL OF JV WILL BE RMB10 MILLION, OF WHICH
RMB4.9
MILLION WILL BE CONTRIBUTED BY UNIT
    * JV WILL BE OWNED BY FOSHAN PAIRUIER, GREENTOWN PROPERTY
AND
HANGZHOU SAIAN AS TO 49%, 31% AND 20% RESPECTIVELY

Source text for Eikon:  ID:nHKSccd5ZP 
Further company coverage:  1538.HK