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Zhonglu Co Ltd to Set up Joint Ventures

Tuesday, 29 Oct 2013 08:00pm EDT 

Zhonglu Co Ltd announced that it has decided to set up two joint ventures, a Shanghai-based information technology company with a registered capital of RMB 10 million, and a Shanghai-based data storage and data analysis company with a registered capital of RMB 5 million, together with Mr. Chen Rong, Chairman of the Board in the Company, and a Shanghai-based investment center (limited partnership), holding a 10% (the Company), a 40% and a 50% stake in both of the new entities. 

Company Quote

1.5 +5.62%
26 Jan 2015