Brief: Zhongmin Baihui Retail says unit entered into JV agreement

Zhongmin Baihui Retail

25/04/2017 15:38

April 25 (Reuters) - Zhongmin Baihui Retail Group Ltd 
 ZBRG.SI : 
    * Unit has entered into a joint venture agreement with 
Changsha Mingfa City Construction Development Co., Ltd on April 
21 
    * Equity participation of ZMBH Fujian in JV company shall be 
sum of RMB 20 million 
    * Shareholding of ZMBH Fujian and Changsha Mingfa in jv 
company shall be 51% and 49% respectively 
    * Business activities of JV will be sourcing and management 
of tenants and suppliers, operation and management of shopping 
centre 
    * JV is not expected to have any material impact on group's 
earnings per share for fy ending 31 december 2017 
 
Source text for Eikon:  ID:nSNbyJJRF  
Further company coverage:  ZBRG.SI  
 
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