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Aerosun Corp to Set up Joint Ventures

Tuesday, 21 May 2013 08:00pm EDT 

Aerosun Corp announced that it will invest RMB 11 million to set up a joint venture with a China-based construction group and a Jiangsu-based engineering advisory company (Company A), with each holding a 55%, a 25% and a 20% stake. The joint venture will be a Nanjing-based art engineering company with a registered capital of RMB 20 million. After establishment, the joint venture will acquire and merge with a Nanjing-based structure design office, which is an affiliated company of Company A. The Company also announced that it will invest RMB 22.50 million to set up another joint venture with a Zhenjiang-based venture capital investment company, which is on behalf of State-owned Asset Supervisory and Administrative Commission of Zhenjiang City, Jiangsu Province, with each holding a 75% and a 25% stake. This joint venture will be with a registered capital of RMB 30 million and be engaged in the research and development, production and sale of tank trucks, vans and cryogenic container products. 

Company Quote

-0.5 -3.16%
19 Dec 2014