Zhuzhou CRRC Times Electric Co logo

3898 - Zhuzhou CRRC Times Electric Co News Story

HK$33.3 1.5  4.7%

Last Trade - 06/05/21

Sector
Industrials
Size
Large Cap
Market Cap £3.47bn
Enterprise Value £2.77bn
Revenue £1.82bn
Position in Universe 410th / 6095

BRIEF-Zhuzhou CRRC Times Electric Says Entered Agreement For Additional Capital Contributions To JV Co

Mon 2nd March, 2020 11:42am
March 2 (Reuters) - Zhuzhou CRRC Times Electric Co Ltd
 3898.HK :
    * ENTERED AGREEMENT WITH CRRC NANJING PUZHEN, AMONG OTHERS
FOR
ADDITIONAL CAPITAL CONTRIBUTIONS TO JV CO IN INDIA
    * JV SHAREHOLDERS AGREED REGISTERED CAPITAL OF JV CAPITAL &
CAPITAL CO BE INCREASED TO INR2,000.0 CONTRIBUTION MILLION
    * CRRC SIFANG & CRRC QISHUYAN INSTITUTE, AGREED TO
CONTRIBUTE
INR195.0 MILLION & INR97.5 MILLION, RESPECTIVELY
    * CO & CRRC NANJING PUZHEN TO MAKE CAPITAL CONTRIBUTIONS TO
JV CO
IN AMOUNT OF INR292.5 MILLION &INR1,365.0 MILLION RESPECTIVELY

Source text for Eikon:  ID:nHKS1x2858 
Further company coverage:  3898.HK 

 ((Reuters.Briefs@thomsonreuters.com;))
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