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Provider: Sadif Analytics Prime
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Shanghai Dazhong Public Utilities (group) Co Ltd's Subsidiary to Set up Joint Venture with Companies including Dazhong Transportation (Group) Co Ltd

Tuesday, 22 Jan 2013 07:00pm EST 

Shanghai Dazhong Public Utilities (group) Co Ltd announced that the Company's subsidiary, a Jiading-based sewage treatment company, has signed an agreement with companies including Dazhong Transportation (Group) Co Ltd (Dazhong Transportation ) and Shanghai Jialeng Songzhi Automobile Aircondition Co., Ltd. (Jialeng Songzhi), to set up a joint venture, a Shanghai-based micro finance company with a registered capital of RMB 200 million. The subsidiary, Dazhong Transportation and Jialeng Songzhi will respectively invest RMB 38 million, RMB 60 million and RMB 20 million to hold a 19%, a 30% and a 10% stake. 

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