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Shaanxi Broadcast and TV Network Intermediary (Group) Co Ltd and Subsidiary to Set up Joint Venture with Individual

Friday, 30 Aug 2013 08:00pm EDT 

Shaanxi Broadcast and TV Network Intermediary (Group) Co Ltd announced that the Company and its wholly owned Shaanxi-based online cultural transmission subsidiary will set up a joint venture with Lei Zhuolin. The joint venture capitalized at RMB 2 million will be engaged in sale of e-commerce and broadcasting products, as well as information technology consulting and software development business. The Company will hold a 9% stake, the subsidiary will hold a 46% stake and Lei Zhuolin will hold a 45% stake in the joint venture. 

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