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Shanghai Jiaoda Onlly Co Ltd and Subsidiary to Set up Joint Venture with Companies including Shanghai Dazhong Public Utilities (Group) Co., Ltd.


Friday, 24 Aug 2012 08:00pm EDT 

Shanghai Jiaoda Onlly Co Ltd (Jiaoda Onlly) announced that Jiaoda Onlly and its wholly owned subsidiary, a Shanghai-based biological industrial company, will respectively invest RMB 45 million and RMB 30 million to set up a joint venture with Shanghai Dazhong Public Utilities (Group) Co., Ltd. and a Shanghai-based construction development company, with each to hold a 30% (Jiaoda Onlly), a 20%, a 20% and a 20% stake. The joint venture will be a Shanghai-based microfinance company with a registered capital of RMB 150 million. 

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