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Zhuzhou CSR Times Electric Co Ltd announces establishment of joint venture company

Wednesday, 2 Apr 2014 05:53am EDT 

Zhuzhou CSR Times Electric Co Ltd:Says CSR Sifang and Hongda Schnell entered into the JV agreement for the establishment of the JV company (JVC) in Qingdao City, Shandong Province, the PRC.The JVC will have a registered capital of 100 million Yuan (about HK$125.08 million), and will be held as to 45 pct by the company, 38 pct by CSR Sifang, and 17 pct by Hongda Schnell. 

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