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Jiangsu Yueda Investment Co Ltd to form joint venture

Tuesday, 24 Dec 2013 07:00pm EST 

Jiangsu Yueda Investment Co Ltd:Says it has signed a cooperative agreement with Inner Mongolia Ximeng Group on Dec. 23.Says its subsidiary, which is a coal company, will merge with a subsidiary of Inner Mongolia Ximeng Group.Says the company and Inner Mongolia Ximeng Group will hold 43.7 pct stake and 56.3 pct stake in the newly merged company, respectively. 

Company Quote

0.43 +3.36%
1:59am EST