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Zhejiang China Commodities City Group Co Ltd to Establish Joint Venture

Wednesday, 20 Nov 2013 07:00pm EST 

Zhejiang China Commodities City Group Co Ltd announced that it will establish a Yiwu-based joint venture, which will be engaged in the development of land located in Yiwu City, with a Hangzhou-based company, which engages in the state-owned assets operation and management, as well as investment business. The joint venture will be with a registered capital of RMB 680 million, in which the Company will invest RMB 346.8 million and hold a 51% stake.