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NetDragon Websoft Inc announces establishment of a wholly Foreign Owned Enterprise and related cooperation with Foxteq Holdings Inc. and Vision Knight Capital (china) Fund I, L.P


Friday, 24 Jan 2014 05:00am EST 

NetDragon Websoft Inc:Says on Jan. 24 NetDragon BVI, entered into an agreement with Foxteq and Vision Knight Capital.Says pursuant to which the parties agree to collaborate in the exploration and business operation in the online education and related application market through the establishment of the WFOE, Fujian 101 and the Structure Contracts arrangement (Agreement).Says it is agreed that the WFOE shall be established as a limited liability company in accordance with the Company Law of the PRC and such other applicable laws.Says it is also agreed that Fujian 101 shall be established as a limited liability company in the PRC in accordance with the company Law of the PRC and such other applicable laws.Says the parties agree to collaborate in the Cooperation and in furtherance of the objective, Fujian 101 and the WFOE shall enter into a series of Structure Contracts in accordance with the prevailing laws and regulations in the PRC. 

Company Quote

14.46
0.2 +1.40%
2:32am EDT