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Changshu Fengfan Power Equipment Co Ltd to Set up Joint Venture


Tuesday, 5 Mar 2013 07:00pm EST 

Changshu Fengfan Power Equipment Co Ltd announced that it will invest RMB 8 million to set up a joint venture with a Changshu-based institute company, a Changshu-based model airplane company, and Zhang Wei, with each to hold a 40%, a 30%, a 15% and a 15% stake. The joint venture will be with a registered capital of RMB 20 million and engaged in the research and development, manufacturing of unmanned aerial vehicle, and advisory and transfer of technologies. 

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