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Guangzhou Baiyun International Airport Co Ltd to Establish Joint Venture
Guangzhou Baiyun International Airport Co Ltd announced that it has decided to establish a joint venture with its shareholder, Guangdong Airport Authority. Guangdong Airport Authority will invest RMB 16,500,000 in the joint venture and hold a 55% stake. The Company will invest RMB 13,500,000 and hold a 45% stake. The joint venture will be engaged in establishment of light-current system for terminals, computer system integration, development of software, network engineering, internet service, sales and training of light-current system and IT devices and e-commerce related business.
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